N.J. Stat. § 43:23-23
Investment options
New Jersey · New Jersey Statutes Title 43 — Pensions and Retirement and Unemployment Compensation · Status: effective
Cite this
- Citation
- N.J. Stat. § 43:23-23, Investment options, New Jersey, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1471806
- Permanent ID
ys:prov:1471806@1- SHA-256
1e4c8f70ca596263e5727e60cd4ff58107c975d90fa47f821c692dc69db2a40d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
11. a. The board may establish any or all of the following investment options:
(1) a capital preservation fund, which prioritizes the security of the deposit over the rate of return. If the board elects to establish a capital preservation fund, the board may provide that the first $1,000 in contributions made by, or on behalf of, an enrollee shall be deposited into the capital preservation fund and the board may provide for an account revocation period during which, if the enrollee chooses to end participation in the program, the enrollee may withdraw the deposited amounts from the capital preservation fund without penalty; or
(2) a life-cycle fund; or
(3) any other investment option deemed appropriate by the board.
b. The board shall designate by rule or regulation one of the investment options as the default investment option for enrollees who fail to elect an investment option and may, from time to time, amend, modify or repeal such investment options as it deems necessary or proper, and may subsequently select, by rule or regulation, a different investment option as the default investment option.