New Jersey § 43:3c-26

§ 43:3c-26.

a. The boards of trustees of the Teachers' Pension and Annuity Fund, established pursuant

to N.J.S.18A:66-1 et seq. , the Judicial Retirement System, established pursuant to P.L.1973, c. 140 ( C.43:6A-1 et seq. ), the Public Employees' Retirement System, established pursuant to P.L.1954, c. 84

( C.43:15A-1 et seq. ), the Police and Firemen's Retirement System, established pursuant to P.L.1944, c.

255 ( C.43:16A-1 et seq. ), and the State Police Retirement System, established pursuant to P.L.1965, c. 89

( C.53:5A-1 et seq. ), shall adopt a uniform method to conduct and report regular stress test analyses

of these State-administered retirement systems. The uniform method adopted by the boards of trustees shall be a method recommended

by an organization of actuaries in accordance with generally accepted and nationally

recognized actuarial standards, and approved by a majority of the actuaries of the

foregoing State-administered retirement systems. The stress test analyses shall provide a forward-looking projection, which considers

the effects of long-term conditions and patterns of behavior of the investment market,

to assess how well the investments of each State-administered retirement system are

likely to perform in periods when market returns are significantly above or below

baseline assumed returns. The stress test analyses shall include past investment performance data for each

of the foregoing State-administered retirement systems for a minimum period of 25

years, including investment returns, both gross and net of fees, and returns by asset

class. b. The Division of Pensions and Benefits shall post, on its Internet website and in

the same location as other reports and analyses produced by the division, the stress

test analyses required pursuant to this section.