New Jersey § 52:18a-85
Full text of New Jersey New Jersey Statutes § 52:18a-85, with citation guidance and answers to common questions.
§ 52:18a-85.
The functions, powers and duties vested by law in the following enumerated agencies: The Board of Trustees of the Public Employees' Retirement System; the Board of Trustees
of the State Police Retirement System; the Prison Officers' Pension Commission;
the Board of Trustees of the Teachers' Pension and Annuity Fund; and the Consolidated Police and Firemen's Pension Fund Commission; of, or relating
to, investment or reinvestment of moneys of, and purchase, sale or exchange of any
investments or securities of or for any funds or accounts under the control and management
of such agencies, are hereby transferred to and shall be exercised and performed for
such agencies by the Director of the Division of Investment established hereunder. Notwithstanding this provision, the Board of Trustees of the Police and Firemen's
Retirement System shall have the authority to direct investment policy. The purchase, sale or exchange of any investments or securities under the control
and management of the Board of Trustees of the Police and Firemen's Retirement System
shall be exercised and performed by the Director of the Division of Investment. Notwithstanding this provision, Common Pension Fund L and the assets held by Common
Pension Fund L as of the effective date of this Act and thereafter, including the
interest of the Police and Firemen's Retirement System of New Jersey therein shall
remain within the Division of Investment. The Division of Investment, the Director of the Division of Investment and the State
Investment Council shall retain all functions, powers, and duties relating to Common
Pension Fund L assigned to the Division of Investment, the Director of the Division
of Investment, and the State Investment Council, by P.L. 2017, c. 98 ( C.5:9-22.5 et seq. ).
Frequently Asked Questions About New Jersey § 52:18a-85
What does New Jersey Statutes § 52:18a-85 cover?
Section 52:18a-85 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-85?
A common citation format is "New Jersey Statutes § 52:18a-85" (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-85 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.