N.J. Admin. Code § 17:16-3.1

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:16-3.1 - General provisions

(a) Funds having similar investment characteristics and objectives under their respective enabling acts shall be grouped together in any of the following classifications:

1. Pension and Annuity Funds;

2. Static Funds;

3. Demand Funds;

4. Temporary Reserve Funds;

5. Trust Funds;

6. The State of New Jersey Cash Management Fund; and

7. Common Pension Funds.

(b) Until the transition date, the Pension and Annuity Funds shall include the Consolidated Police and Firemen's Pension Fund, the Judicial Retirement System of New Jersey, the Police and Firemen's Retirement System, the Prison Officer's Pension Fund, the Public Employees' Retirement System, the State Police Retirement System, and the Teachers' Pension and Annuity Fund.

1. As used in this subsection, "transition date" means the date on which assets, other than any assets held by Common Pension Fund E and any assets that, for administrative reasons, cannot be transferred until a later date, have been transferred to the Police and Firemen's Retirement System in accordance with P.L. 2018, c. 55. The transition date will be determined by the Director, and the assets will be transferred as soon as practicable in accordance with P.L. 2018, c. 55, but shall in no event be earlier than July 5, 2019. Any assets, other than assets held by Common Pension Fund E that are not transferred by the transition date, shall be transferred as soon as administratively practicable.

(c) Beginning with the transition date (as defined in (b)1 above), the Pension and Annuity Funds shall include the following, provided that, with respect to any assets, other than assets held by Common Pension Fund E, that are not transferred in accordance with P.L. 2018, c. 55, the Pension and Annuity Funds shall include the Police and Firemen's Retirement System:

1. Consolidated Police and Firemen's Pension Fund;

2. Judicial Retirement System of New Jersey;

3. Prison Officer's Pension Fund;

4. Public Employees' Retirement System;

5. State Police Retirement System; and

6. Teachers' Pension and Annuity Fund.

N.J. Admin. Code § 17:16-3.1

Amended by 51 N.J.R. 1130(b), effective 7/1/2019