New Jersey § 40a:10-17

§ 40a:10-17.

Any local unit or agency thereof, herein referred to as employers, may: a. Enter into contracts of group life, accidental death and dismemberment, hospitalization,

dental, medical, surgical, major medical expense, or health and accident insurance

with any insurance company or companies authorized to do business in this State, or

may contract with a nonprofit hospital service or medical service or dental service

corporation with respect to the benefits which they are authorized to provide respectively. The contract or contracts shall provide any one or more of such coverages for the

employees of such employer and may include their dependents; b. Enter into a contract or contracts to provide drug prescription and other health

care benefits, or enter into a contract or contracts to provide drug prescription

and other health care benefits as may be required to implement a duly executed collective

negotiation agreement, or as may be required to implement a determination by a local

unit to provide such benefit or benefits to employees not included in collective negotiations

units; c. Enter into a contract with an insurance company authorized to do business in this

State to provide to its employees on a group or individual basis, individual retirement

annuities, as defined by section 408(b) of the Federal Internal Revenue Code of 1954 as amended ( 26 U.S.C. s. 408(b) ). The contract shall provide for coverage under these annuities of any employee of

the employer and may provide for the establishment of annuities on behalf of the spouse

of the employee. Nothing herein contained shall be deemed to authorize coverage of dependents of an

employee under a group life insurance policy or to allow the issuance of a group life

insurance policy under which the entire premium is to be derived from funds contributed

by the insured employees.