New Jersey § 43:23-18

§ 43:23-18.

There is established in, but not of, the Department of the Treasury the New Jersey

Secure Choice Savings Board. a. The board shall consist of the following members: (1) the State Treasurer, or the State Treasurer's designee, who shall serve as chair; (2) the State Comptroller, or the State Comptroller's designee; (3) the Director of the Office of Management and Budget, or the director's designee; (4) two representatives of the general public with expertise in retirement savings

plan administration or investment, or both, of which one representative shall be appointed

by the Governor upon the recommendation of the Speaker of the General Assembly and

one representative appointed by the Governor upon the recommendation of the Senate

President, with both appointments being made in consultation with organizations representing

business, including organizations representing businesses or professionals in the

securities and investment industries; (5) a representative of a business trade association, appointed by the Governor;

and (6) a representative of enrollees, appointed by the Governor. b. Members of the board shall serve without compensation. c. The initial terms of the appointees shall be as follows: the public representative

recommended by the Senate President, for four years; the public representative recommended

by the Speaker of the General Assembly, for two years; the representative of a business

trade organization, for three years; and the representative of enrollees for one

year. Thereafter, all of the appointees shall be for terms of four years. d. A vacancy in the term of an appointed board member shall be filled for the balance

of the unexpired term in the same manner as the original appointment. e. Each appointment by the Governor not appointed upon the recommendation of the Senate

President or the Speaker of the General Assembly shall be subject to the advice and

consent of the Senate. In case of a vacancy during a recess of the Senate, the Governor shall make a temporary

appointment until the next meeting of the Senate, at which time the Governor shall

appoint a person to fill the office. f. Each board member, prior to assuming office, shall take an oath that the member

will diligently and honestly administer the affairs of the board and that the member

will not knowingly violate or willingly permit to be violated any of the provisions

of law applicable to the program. The oath shall be certified by the officer before whom it is taken and immediately

filed with the Secretary of State.