New Jersey § 52:18a-111
Full text of New Jersey New Jersey Statutes § 52:18a-111, with citation guidance and answers to common questions.
§ 52:18a-111.
In order to facilitate the administration of the supplemental annuity programs of
the State administered retirement systems, the State administered retirement systems
shall vest the general responsibility for control and management of their supplemental
annuity programs in the Supplemental Annuity Collective Trust under the direction
of a council consisting of the State Treasurer, who shall be the chairman, the Commissioner
of the Department of Insurance, and the State Budget Director. In the event of a vacancy in one of the above enumerated offices, the official assuming
the responsibility of that office shall act as a member of the council. The Director of the Division of Pensions shall be the secretary of the council. The administration of the programs shall be performed by the personnel of the Division
of Pensions and the costs of administration shall be borne by the State. The Attorney General shall be the legal advisor of the council. The council shall retain the services of an actuary. The actuary shall make an actuarial review of the Supplemental Annuity Collective
Trust at least once in every three -year period and at such other times as the council, in its discretion, shall deem
advisable. The council shall promulgate such rules and regulations, not inconsistent with the
provisions of this act, as it shall deem necessary for the effective operation of
the trust. The council shall publish annually a report of its operations and the financial condition
of the Supplemental Annuity Collective Trust. It shall also give each participant who has not commenced to receive annuity payments
an annual statement of his account. The council shall not commingle the assets of the Variable Division and the assets
of the Fixed Division. The records of the Supplemental Annuity Collective Trust shall be subject to audit
by the State Auditor.
Frequently Asked Questions About New Jersey § 52:18a-111
What does New Jersey Statutes § 52:18a-111 cover?
Section 52:18a-111 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 § 52:18a-111?
A common citation format is "New Jersey Statutes § 52:18a-111" (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 § 52:18a-111 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.