New Jersey § 43:15b-5
Full text of New Jersey New Jersey Statutes § 43:15b-5, with citation guidance and answers to common questions.
§ 43:15b-5.
a. All moneys which are deferred and deducted in accordance with the provisions of this
act and the plan shall be invested in accord with the provisions of this act and the plan. The obligation of the employer to participating employees shall be contractual only
and no preferred or special interest in the deferred moneys shall accrue to such employees. b. For plans approved prior to August 20, 1996, moneys deferred shall be subject to
the claims of the employer's general creditors until the plan document is amended
to have all moneys deferred and any other assets or income of the plan held in trust
or one or more annuity contracts or one or more custodial accounts for the exclusive
benefit of the participating employees and their beneficiaries. Employers shall have until January 1, 1999 to implement this change. For all plans adopted on or after August 20, 1996, all moneys that are deferred
and any other assets or income of the plan shall be held in trust or one or more annuity
contracts or one or more custodial accounts for the exclusive benefit of the participating
employees and their beneficiaries.
Frequently Asked Questions About New Jersey § 43:15b-5
What does New Jersey Statutes § 43:15b-5 cover?
Section 43:15b-5 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 43:15b-5?
A common citation format is "New Jersey Statutes § 43:15b-5" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 43:15b-5 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.