N.J. Stat. § 17:12B-57

Current through L. 2024, c. 87.

Section 17:12B-57 - Submission of pension plan for approval of commissioner

Every pension plan adopted or altered for a State association shall before it is placed in operation, be submitted to the commissioner for his approval. The commissioner shall approve such plan or alterations thereof unless he shall find:

(a) it does not conform to law, or

(b) its adoption or alteration would be hazardous to the State association, or

(c) its provisions are unfair or inequitable.

N.J.S. § 17:12B-57

L.1963, c.144, s.57.