New Jersey § 43:23-29
Full text of New Jersey New Jersey Statutes § 43:23-29, with citation guidance and answers to common questions.
§ 43:23-29.
a. Participating employers shall not have any liability for an employee's decision
to participate in, or opt out of, the program or for the investment decisions of the
board or of any enrollee. b. The program is not an employer-sponsored plan and it is not operated or administered
by the employer. A participating employer shall not be a fiduciary, or considered to be a fiduciary,
over the program, and shall not be liable with regard to investment returns, program
design, and benefits paid to program participants. A participating employer shall not bear responsibility for the administration, investment,
or investment performance of the program, or for any required or permitted communications
between participating employees and program administrators. Nothing herein shall relieve employers from their responsibility for enrolling employees
and transmitting or arranging for transmission of payroll deductions to the program
in the manner required by sections 14 and 15 of this act, 1 distributing materials to employees in the manner required by section 13 this act, 2 establishing an open enrollment period in the manner required by section 14 of this
act, or reporting information relevant to their compliance with this act in the manner
required by section 19 of this act. 3 1
L.2019, c. 56 (N.J.S.A. §§ 43:23-26, 43:23-27). 2
L.2019, c. 56 (N.J.S.A. §§ 43:23-25). 3
L.2019, c. 56 (N.J.S.A. §§ 43:23-31).
Frequently Asked Questions About New Jersey § 43:23-29
What does New Jersey Statutes § 43:23-29 cover?
Section 43:23-29 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 § 43:23-29?
A common citation format is "New Jersey Statutes § 43:23-29" (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 § 43:23-29 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.