Title 52, Title 52: STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

52:18A-102. Repealer Section 14 of chapter 92 of the laws of 1948 is hereby repealed. L.1955, c. 70, p. 235, s. 8.

52:18A-103. Repealer Section 15 of chapter 92 of the laws of 1948 is hereby repealed. L.1955, c. 70, p. 235, s. 9.

52:18A-104. Inconsistent acts Any act or acts or portion of any act or acts inconsistent with the terms and provisions of this act, are hereby repealed. L.1955, c. 70, p. 235, s. 10.

52:18A-105. Affixing voucher signatures by machine Persons designated by chapter 13 of Title 18 of the Revised Statutes, chapter 37 of the laws of 1955, chapters 7 and 16 of Title 43 of the Revised Statutes, chapter 255 of the laws of 1944, chapter 423 of the laws of 1953 and cha…

52:18A-106. Bond The secretary of each of said pension funds shall enter into bond with 2 or more sureties, to be approved by the State Treasurer, in the sum of $100,000.00 payable to the pension fund of which he is the secretary, conditioned for the faithful performance of his o…

52:18A-107. Purpose of act The purpose of this act is to enable active members of the several State administered retirement systems to make voluntary additional contributions to provide annuities to supplement their retirement allowances provided by such systems. L.1963, c. 123, …

52:18A-108 Definitions. 2. As used in this act: a. "Fiscal year" means any year commencing on July 1 and ending on June 30 next following. b. "Participant" means (1) for the purposes of the Supplemental Annuity Collective Trust under section 4 of P.L.1965, c.90 (C.52:18A-113.1), …

52:18A-109. Supplementary annuity program; establishment; contributions Each State administered retirement system shall establish, as a part thereof, a supplementary annuity program under which it will receive voluntary contributions from its members, which shall be in addition t…

52:18A-11. Checks or drafts for transfer of funds Checks or drafts used only for the transfer of State funds from one depository to another, drawn to the order of the State of New Jersey and restrictively endorsed by the State Treasurer in the following manner: "Transfer of State…

52:18A-110. Supplemental annuity collective trust; establishment; duties; divisions There is hereby established in the Department of the Treasury the Supplemental Annuity Collective Trust of New Jersey, which shall accept amounts received for supplemental annuities from the State…

52:18A-111. Supplemental Annuity Collective Trust 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 managemen…

52:18A-112 Participation; application for enrollment. 6. A member of a State administered retirement system or an employee of a board of education, as defined in N.J.S.18A:1-1, regularly scheduled to work 20 or more hours per week may become a participant by filing an application…

52:18A-113 Contributions. 7. Contributions by a participant shall be made through payroll deductions of integral dollar amounts not in excess of the maximum contribution amount permitted under the federal Internal Revenue Code of 1986, as amended. Participants who are making cont…

52:18A-113.1 Purchase of annuity for employee by employer. 4. Any employee who is a member of a State administered retirement system may enter into an agreement with the employee's employer whereby the employee agrees to a reduction in salary in return for the employer's agreemen…

52:18A-113.2 Tax-deferred annuity, education employees; written agreement to reduce salary. 1. a. The Department of Education, the Commission on Higher Education, and the governing body of any public institution of education may enter into a written agreement with any of its empl…

52:18A-113.3 Reduction of employee's salary; benefits. 2. Upon approval and filing, the State Treasurer or the applicable governing body of a public institution of education shall reduce an employee's salary pursuant to the agreement and shall pay an amount equal to the amount ag…

52:18A-113.4 Payments for annuity. 3. Payments for tax-deferred annuities shall be made by the State Treasurer or the applicable governing body of a public institution of education to the issuers of the annuities out of moneys available for the salaries of employees who have ente…

52:18A-113.5 Rules, regulations 4. The Director of the Division of Pensions and Benefits shall promulgate rules and regulations in accordance with the "Administrative Procedure Act," P.L.1968, c.410 (C.52:14B-1 et seq.), to effectuate the purposes of this act. L.1995,c.92,s.4.

52:18A-113.6 Transfer of certain annuity funds. 1. Employees of the Department of Education, the Commission on Higher Education, or the governing body of any public institution of education who are participants in the Supplemental Annuity Collective Trust pursuant to section 403(…

52:18A-114. Investment of assets of variable and fixed divisions The assets of the Variable Division and the Fixed Division may be invested through the same agency as other State funds are invested; provided, however, that the council is hereby authorized to use other funding med…

52:18A-115 Investment of assets of Variable Division. 9. The assets of the Variable Division shall be invested and reinvested principally in common stocks and securities which are convertible into common stocks. Such common stocks and securities shall be traded on a securities ex…

52:18A-116. Accounts of variable division The Variable Division shall consist of the following accounts: a. The Variable Accumulation Account shall be the account to which the contributions of participants in the Variable Division are credited. An individual account shall be main…

52:18A-117. Variable retirement benefit, transfer of outstanding loan balance 11. a. Upon retirement under a State administered retirement system, a participant in the Variable Division shall receive a variable benefit under which the amount of the initial payment is determined b…

52:18A-118. Investment and reinvestment of assets of fixed division; fixed income securities The assets of the Fixed Division shall be invested and reinvested principally in fixed income securities which are legal investments for life insurance companies organized under the laws …

52:18A-119. Accounts of fixed division The Fixed Division shall consist of the following accounts: a. The Fixed Accumulation Account shall be the account to which contributions of participants in the Fixed Division are credited. An individual account shall be maintained in the Fi…

52:18A-12 Certain provisions of law construed as applying to the Director of the Division of Budget and Accounting. 12. Wherever a provision of law relating to the presentation of claims or bills for approval, the drawing of warrants, the countersigning of receipts and checks, th…

52:18A-120. Fixed retirement benefit; transfer of outstanding loan balance 14. a. Upon retirement under a State administered retirement system, a participant in the Fixed Division shall receive a fixed benefit under which the initial payment is determined by (1) appropriate actua…

52:18A-121. Single cash payment for participant ceasing to be member of retirement system Any participant who ceases to be a member of a State administered retirement system and who does not qualify and apply for benefits under another provision of this act shall be paid a single…

52:18A-122. Payment in event of death of participant prior to retirement In the event of the death of a participant prior to retirement, an amount equal to the value of his account as of the last day of the month in which the death occurs shall be paid to the designated beneficia…

52:18A-123. Termination of inactive accounts; refunds The council may terminate any inactive account in either division if the value of such account is less than $100.00 and, in such event, shall refund the value of the account in a single cash payment. L.1963, c. 123, s. 17.

52:18A-124. Time each division operative; required number of participants All other provisions of this act notwithstanding, neither division shall become operative until the required number of participants shall have filed applications. The required number of participants shall b…

52:18A-13 Vacancies in certain offices, notice to banks. 13. The Secretary of State shall, when the offices of State Treasurer or director of the Division of Budget and Accounting shall become vacant or the officers or either of them shall no longer be authorized to act as such, …

52:18A-151. Establishment of division; director There is hereby established in the Department of the Treasury the Division of Building and Construction. The division shall be under the immediate supervision of a director who shall be appointed by and serve at the pleasure of the …

52:18A-152. Bureaus; organizational units The State Treasurer shall organize the work of the division in such bureaus and other organizational units as he may determine to be necessary for efficient and effective operation and shall assign to the division such employees in the De…

52:18A-153. Transfer of functions, powers and duties of Division of Purchase and Property, director, and Office of Architecture, Engineering and Construction All the functions, powers and duties of the Division of Purchase and Property, the director thereof and the Office of Arch…

52:18A-154. Transfer of appropriations All appropriations and other moneys available and to become available to any division, office or other agency, the functions, powers and duties of which have been herein assigned or transferred to the Division of Building and Construction, a…

52:18A-155. Transfer of employees All employees of any division, office or other agency, the functions, powers and duties of which have been herein assigned or transferred to the Division of Building and Construction, shall upon the effective date of this act be transferred to th…

52:18A-156. Employee rights Nothing in this act shall be construed to deprive any person of any tenure rights or of any right or protection provided him by Title 11 of the Revised Statutes, Civil Service, or under any pension law or retirement system. L.1970, c. 95, s. 6.

52:18A-157. Transfer of files, records, etc. All files, books, papers, records, equipment and other property of any division, office or other agency, the functions, powers and duties of which have been herein assigned or transferred to the Division of Building and Construction, s…

52:18A-158. Effect upon prior orders, rules, regulations This act shall not affect orders, rules and regulations heretofore made or promulgated by any division, office or other agency, the functions, powers and duties of which have been herein assigned or transferred to the Divis…

52:18A-159. Effect upon pending actions or proceedings This act shall not affect any actions or proceedings, civil or criminal, brought by or against any division, office or other agency, the functions, powers and duties of which have been herein assigned or transferred to the Di…

52:18A-16. Division of Purchase and Property transferred The Division of Purchase and Property of the existing State Department of Taxation and Finance, together with all of its functions, powers and duties is continued, but such division is hereby transferred to and constituted …

52:18A-160. Reports, certifications, etc.; filing with division Unless specifically otherwise provided in this act or by any law, whenever, pursuant to existing law, reports, certifications, applications or requests are required or permitted to be made to the division, office or …

52:18A-161. Construction of prior laws, rules or regulations With respect to the functions, powers and duties hereby transferred to the Division of Building and Construction, whenever in any law, rule, regulation, judicial or administrative proceeding or otherwise, reference is m…

52:18A-162. Repeal of inconsistent acts All acts and parts of acts inconsistent with any of the provisions of this act are, to the extent of such inconsistency, superseded and repealed. L.1970, c. 95, s. 12.

52:18A-163. State employees deferred compensation board; establishment; members; compensation; meetings There is hereby established in the Department of the Treasury the New Jersey State Employees Deferred Compensation Board (hereinafter called the board). The membership of the b…