reglab/statecodes huggingface dataset:
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-113 - Contributions.

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 contributions through payroll deductions may also make lump-sum contributions by direct payments in integral dollar amounts of not less than $50.00, provided, however, that the total contributions for any one year may not exceed the maximum contribution amount permitted by federal law.
Contributions by a participant shall cease upon retirement, death, or upon termination of membership in a State administered retirement system.
L.1963,c.123,s.7; amended 1965, c.90, s.3; 2005, c.256,s.1.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-113.1 - Purchase of annuity for employee by employer.

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 agreement to use the amount of such reduction in salary to purchase on behalf of such employee from the Supplemental Annuity Collective Trust of New Jersey an annuity, provided that any such annuity qualifies under section 403(b) of the Internal Revenue Code of 1986, as amended. The amount of the reduction in salary under any agreement entered into between an employee and the employee's employer pursuant to this section shall not exceed the maximum contribution amount permitted under section 403(b) of the federal Internal Revenue Code, 26 U.S.C. s.403(b). Any such agreement shall remain in effect for at least one year. If an agreement is entered into between an employee and the employee's employer pursuant to this section, the employer shall pay the premiums for the annuity purchased directly to the Supplemental Annuity Collective Trust in accordance with rules and regulations promulgated by the council.
Amounts payable pursuant to this section by an employer on behalf of an employee for a pay period shall be transmitted and credited not later than the fifth business day after the date on which the employee is paid for that pay period.
L.1965,c.90,s.4; amended 1999, c.247,s.3; 2005, c.256,s.2.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-113.3 - Reduction of employee's salary; benefits.

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 agreed upon for the salary reduction as an employer contribution to the issuer of the employee's annuity. Participation in a reduction of salary pursuant to this act shall not cause the employee to lose any benefits under a State-administered retirement system to which the employee would otherwise be entitled had the employee not agreed to a reduction in salary for the purpose of purchasing a tax-deferred annuity. Employee contributions and any survivor's benefit shall be paid on the basis of the employee's salary without regard to the reduction authorized by this act.
L.1995, c.92, s.2; amended 2011, c.78, s.71.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-113.4 - Payments for annuity.

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 entered into agreements pursuant to this act.
L.1995, c.92, s.3; amended 2011, c.78, s.72.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-113.5 - Rules, regulations

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.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-113.6 - Transfer of certain annuity funds.

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(b) of the federal Internal Revenue Code of 1986 (26 U.S.C. s.403(b)), as amended, shall transfer all funds that they may have invested as participants in the Supplemental Annuity Collective Trust to a tax-deferred annuity with an insurer or mutual fund company authorized to provide investment contracts under the alternate benefit program pursuant to the provisions of P.L.1995, c.92 (C.52:18A-113.2 et seq.).
L.1996, c.77, s.1; amended 2011, c.78, s.73.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-114 - Investment of assets of variable and fixed divisions

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 media, including group annuity contracts containing such provisions as the council determines to comply substantially with the applicable statutory requirements, which are made available by life insurance companies authorized to issue such contracts in this State and having assets in excess of $1,000,000,000.00.
L.1963, c. 123, s. 8.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-115 - Investment of assets of Variable Division.

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 exchange in the United States or over-the-counter market.
L.1963, c.123, s.9; amended 2011, c.78, s.74.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-116 - Accounts of variable division

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 maintained in the Variable Accumulation Account for each participant in the Variable Division.
b. The Variable Benefit Account shall be the account from which variable benefits are paid. Upon retirement of a participant in the Variable Division, his account in the Variable Accumulation Account shall be transferred to the Variable Benefit Account.
c. The Variable Reserve Account shall be the account to which all investment earnings or losses of the Variable Division shall be credited or charged. Such investment earnings or losses shall be determined at least quarter-annually in accordance with accepted accounting practices and shall reflect appreciation and depreciation in the market value of investments. Mortality adjustments of the Variable Benefit Account, determined in accordance with rules and regulations adopted by the council with the advice of the actuary, shall be charged or credited to this Variable Reserve Account. The balance in this account shall then be distributed to the Variable Benefit Account and to the individual accounts in the Variable Accumulation Account in accordance with rules and regulations of the council.
L.1963, c. 123, s. 10.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-117 - Variable retirement benefit, transfer of outstanding loan balance

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 by (1) appropriate actuarial factors as adopted from time to time by the council with the advice of the actuary, and by (2) the value of his account as of the close of the calendar month in which the retirement becomes effective; and the amount of each subsequent payment shall be determined so as to reflect the amounts distributed to the Variable Benefit Account in accordance with the provisions of section 10, pursuant to rules and regulations adopted by the council. The benefit payable to a retired participant shall be in the form of a life annuity, unless the participant requests, upon written application filed with the council prior to retirement, that the value of such benefit be paid as a single cash payment or under such other optional method of settlement as the council may establish by rules and regulations on the advice of the actuary. In the event the value of a participant's account at retirement results in an annuity with initial monthly payments of less than $10.00, the benefit shall be paid in a single cash payment.
b. A participant who is a member of the Public Employees' Retirement System of New Jersey or of the Teachers' Pension and Annuity Fund may request, upon written application filed with the council no earlier than 90 days and no later than 30 days before retirement, that an amount less than or equal to the outstanding balance of a loan borrowed from the retirement system under section 34 of P.L.1954, c.84 (C.43:15A-34) or N.J.S.18A:66-35 be subtracted and transferred from the participant's account and credited to the retirement system in repayment of that loan and that amount shall be transferred before determination of the benefit payable to the participant under subsection a. of this section.
L.1963,c.123,s.11; amended 1993,c.42,s.1.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-118 - Investment and reinvestment of assets of fixed division; fixed income securities

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 of this State.
L.1963, c. 123, s. 12.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-119 - Accounts of fixed division

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 Fixed Accumulation Account for each participant in the Fixed Division.
b. The Fixed Benefit Account shall be the account from which fixed benefits are paid. Upon retirement of a participant in the Fixed Division, his account in the Fixed Accumulation Account shall be transferred to the Fixed Benefit Account.
c. The Fixed Reserve Account shall be the account to which all investment earnings or losses of the Fixed Division shall be credited or charged. Such investment earnings or losses shall be determined as of the end of each fiscal year in accordance with accepted accounting practices. Interest bearing investments shall be valued so that the yield to maturity will remain uniform. Earnings shall include profits or losses on the sale of investments, but no adjustment in the book value of investments shall be made by reason of fluctuations in current market prices. Mortality adjustments of the Fixed Benefit Account, determined in accordance with rules and regulations adopted by the council with the advice of the actuary, shall be charged or credited to this Fixed Reserve Account. This account shall also be charged with the amount of interest required to be credited to the Fixed Benefit Account and with the interest to be credited to the individual accounts in the Fixed Accumulation Account. The interest to be credited to the individual accounts in the Fixed Accumulation Account shall be at rates established by the council from time to time and shall be credited on the basis of balances in such accounts at the beginning of the fiscal year.
L.1963, c. 123, s. 13.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-120 - Fixed retirement benefit; transfer of outstanding loan balance

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 actuarial factors, as adopted from time to time by the council with the advice of the actuary, and by (2) the value of his account as of the close of the calendar month in which the retirement becomes effective; and each subsequent payment shall be in the same amount, for the term of the benefit. The benefit payable to a retired participant shall be in the form of a life annuity, unless the participant requests, upon written application filed with the council prior to retirement, that the value of such benefit be paid as a single cash payment or under such other optional method of settlement as the council may establish by rules and regulations on the advice of the actuary. In the event the value of a participant's account at retirement results in an annuity with initial monthly payments of less than $10.00, the benefit shall be paid in a single cash payment.
b. A participant who is a member of the Public Employees' Retirement System of New Jersey or of the Teachers' Pension and Annuity Fund may request, upon written application filed with the council no earlier than 90 days and no later than 30 days before retirement, that an amount less than or equal to the outstanding balance of a loan borrowed from the retirement system under section 34 of P.L.1954, c.84 (C.43:15A-34) or N.J.S.18A:66-35 be subtracted and transferred from the participant's account and credited to the retirement system in repayment of that loan and that amount shall be transferred before determination of the benefit payable to the participant under subsection a. of this section.
L.1963,c.123,s.14; amended 1993,c.42,s.2.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-121 - Single cash payment for participant ceasing to be member of retirement system

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 cash payment. The amount of such payment shall be an amount equal to the value of his account as of the last day of the calendar month in which he ceases to be a member of a State administered retirement system.
L.1963, c. 123, s. 15.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-122 - Payment in event of death of participant prior to retirement

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 beneficiary in a single cash payment or in the event that no beneficiary was designated or if the designated beneficiary predeceased the participant such amount shall be paid to the estate of the participant. If, however, the designated beneficiary is a natural person, he may elect to receive, in lieu of a single cash payment, the actuarial equivalent thereof, under any method of settlement which would have been available to the participants pursuant to the provisions of sections 11 or 14 of this act.
L.1963, c. 123, s. 16.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-123 - Termination of inactive accounts; refunds

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.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-124 - Time each division operative; required number of participants

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 be established by the council. Any such number may be made applicable to either the Variable Division or the Fixed Division separately or may be made applicable to both divisions combined.
L.1963, c. 123, s. 18.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-151 - Establishment of division; director

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 State Treasurer and who shall administer the work of the division under the direction and supervision of the State Treasurer. The State Treasurer shall fix the compensation of the director within the limits of available appropriations.
L.1970, c. 95, s. 1.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-152 - Bureaus; organizational units

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 Department of the Treasury as may be necessary to assist the director in the performance of his duties.
L.1970, c. 95, s. 2.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-153 - Transfer of functions, powers and duties of Division of Purchase and Property, director, and Office of Architecture, Engineering and Construction

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 Architecture, Engineering and Construction therein relating to the planning, construction, reconstruction, improvement and repair of public buildings are transferred to the Division of Building and Construction established hereunder.
L.1970, c. 95, s. 3.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-154 - Transfer of appropriations

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, are hereby transferred to the Division of Building and Construction established hereunder, and shall be available for the objectives and purposes for which appropriated, subject to any terms, restrictions, limitations or other requirements imposed by State or Federal law.
L.1970, c. 95, s. 4.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-155 - Transfer of employees

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 the Division of Building and Construction.
L.1970, c. 95, s. 5.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-156 - Employee rights

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.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-157 - Transfer of files, records, etc.

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, shall upon the effective date of this act be transferred to the Division of Building and Construction.
L.1970, c. 95, s. 7.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-158 - Effect upon prior orders, rules, regulations

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 Division of Building and Construction; but such orders, rules and regulations shall continue with full force and effect until amended or repealed pursuant to law.
L.1970, c. 95, s. 8.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-159 - Effect upon pending actions or proceedings

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 Division of Building and Construction, and pending on the effective date of this act, but such actions or proceedings may be prosecuted or defended in the same manner and to the same effect by the Division of Building and Construction as if the foregoing provisions had not taken effect; nor shall any of the foregoing provisions affect any order or recommendation made by, or other matters or proceedings before, 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, and all such matters or proceedings pending before such division, office or other agency on the effective date of this act shall be continued by the Division of Building and Construction, as if the foregoing provisions had not taken effect.
L.1970, c. 95, s. 9.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-160 - Reports, certifications, etc.; filing with division

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 other agency whose functions, powers and duties are herein assigned or transferred, such reports and certifications shall hereafter be required to be filed with, and such applications or requests shall hereafter be made to, the Division of Building and Construction.
L.1970, c. 95, s. 10.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-161 - Construction of prior laws, rules or regulations

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 made to the Division of Purchase and Property or the director thereof or the Office of Architecture, Engineering and Construction, the same shall mean and refer to the Division of Building and Construction or the director thereof, as the case may be.
L.1970, c. 95, s. 11.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-162 - Repeal of inconsistent acts

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.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-163 - State employees deferred compensation board; establishment; members; compensation; meetings

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 board shall consist of the State Treasurer, who shall serve as chairman, the Commissioner of Insurance, and the Director of the Division of Budget and Accounting in the Department of the Treasury, who shall be members ex officio, or the designee of any of said officials. The members of the board shall receive no compensation for service on said board. The board shall meet at such time as called by the chairman or a majority of the board.
L.1978, c. 39, s. 1, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-164 - New Jersey state employees deferred compensation plan

52:18A-164. New Jersey state employees deferred compensation plan
Notwithstanding the provisions of any other statute, the board is empowered to adopt a written plan, consistent with the requirements of the United States Internal Revenue Service, under which a State employee may defer payment of a specified amount of salary until the future receipt thereof by the employee pursuant to the provisions of this act and the plan. The plan, when established, shall be called the New Jersey State Employees Deferred Compensation Plan (hereinafter called the plan).
L.1978, c. 39, s. 2, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-165 - Deferral and deduction of salary; voluntary written agreement

52:18A-165. Deferral and deduction of salary; voluntary written agreement
The State may by a voluntary written agreement with any employee of the State provide that a portion of the employee's current salary from the State shall be deferred and deducted each payroll period for disposition by the board in accordance with the plan.
L.1978, c. 39, s. 3, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-166 - Investment of funds; division of investment as fiduciary

52:18A-166. Investment of funds; division of investment as fiduciary
The plan shall designate the Division of Investment, as constituted by P.L.1950, c. 270, (C. 52:18A-79 et seq.) as amended and supplemented from time to time, as the named fiduciary for the investment of funds under the plan and shall provide for such investment options as may be determined by the board, which may include but are not limited to group annuity programs, savings accounts, life insurance contracts, mutual funds, equities or bonds, provided said investments are made and administered in accordance with section 5 of this act; are authorized or approved for investment by the regulations of the State Investment Council; and are legal investments for fiduciaries of trust estates in this State.
L.1978, c. 39, s. 4, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-168 - Costs to be recovered by service charge or from private organization with contract for administration

52:18A-168. Costs to be recovered by service charge or from private organization with contract for administration
No significant costs shall be incurred by the State as a result of this act unless such costs are recovered by charging and collecting a service charge from all participating employees and in addition thereto or in lieu thereof such costs are recovered from any private organization or organizations with which the board has contracted for the administration of all or part of the plan. The amount of any costs incurred and to be recovered by the State shall be determined by the board.
L.1978, c. 39, s. 6, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-169 - Immunity from liability for loss

52:18A-169. Immunity from liability for loss
The State, the board and the members of the board, the Division of Investment and its employees, and the State Investment Council and its members shall not be liable for any loss incurred by any employee by reason of participation in the plan.
L.1978, c. 39, s. 7, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-170 - Disposition of deferred, deducted moneys; assets held in trust

52:18A-170. Disposition of deferred, deducted moneys; assets held in trust
8. All moneys which are deferred and deducted in accordance with the provisions of this act and the plan shall remain assets of the State and shall be invested in accord with the provisions of this act and the plan. The obligation of the State to participating employees and contractors shall be contractual only and no preferred or special interest in the deferred moneys shall accrue to such employees or contractors, except that all assets and income of the plan shall be held in trust for the exclusive benefit of participating employees and their beneficiaries.
L.1978,c.39,s.8; amended 1997, c.116, s.4.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-170.1 - Amendment, termination of Supplemental Annuity Collective Trust.

52:18A-170.1 Amendment, termination of Supplemental Annuity Collective Trust.
75. With respect to the portion of the Supplemental Annuity Collective Trust that is subject to section 403(b) of the federal Internal Revenue Code (26 U.S.C. s.403(b)), the State may terminate the Supplemental Annuity Collective Trust as provided in this section.
a. The State enacted P.L.1963, c.123 (C.52:18A-107 et seq.) with the intention and expectation that contributions would be continued to the Supplemental Annuity Collective Trust program indefinitely. The State, however, has no obligation or liability whatsoever to maintain the program for any length of time and may discontinue contributions under the program at any time without any liability hereunder for any discontinuance.
b. The State reserves the authority to amend or terminate the Supplemental Annuity Collective Trust program at any time and for any reason.
c. The State may provide that, in connection with a termination of the program, all accounts will be distributed, provided that the State and any related employer on the date of termination do not make contributions to an alternative plan or program subject to the rules under section 403(b) of the Internal Revenue Code of 1986 (26 U.S.C. s.403(b)), as amended, that is not part of the program during the period beginning on the date of termination and ending 12 months after the distribution of all assets from the Supplemental Annuity Collective Trust program, except as permitted by the applicable regulations of the United States Department of the Treasury.
L.2011, c.78, s.75.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-171 - Unassignability of payments and rights

52:18A-171. Unassignability of payments and rights
No participating employee or beneficiary thereof shall have the right to commute, sell, assign or otherwise transfer or convey the rights to receive any payments deriving from participation in the plan and such payments and rights are expressly declared to be and shall be unassignable.
L.1978, c. 39, s. 9, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-172 - Deferred and deducted amounts; inclusion as regular compensation; exclusion in computation of federal withholding taxes

52:18A-172. Deferred and deducted amounts; inclusion as regular compensation; exclusion in computation of federal withholding taxes
Any amount of the employee's salary that is deferred and deducted under this act and the plan shall continue to be included as regular compensation for all purposes, including pension benefits earned by any such employee, but any salary deferred and deducted shall not be included in the computation of any Federal taxes withheld from the employee's salary on behalf of such employee.
L.1978, c. 39, s. 10, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-173 - Deferred salary clearing fund and other funds

52:18A-173. Deferred salary clearing fund and other funds
The State Treasurer is hereby authorized to establish, on behalf of the board, a deferred salary clearing fund in the State Treasury in which shall be placed temporarily all compensation deferred and deducted in accordance with this act and the plan, and may establish such other funds within the Division of Investment as may be appropriate.
L.1978, c. 39, s. 11, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-174 - Deferred compensation plan expanded.

52:18A-174 Deferred compensation plan expanded.
12. Subject to the independent approval of the State Treasurer, the board may authorize the transfer of funds necessary to permit individuals employed at the New Jersey Institute of Technology, Rutgers, The State University, Rowan University, Montclair State University, Kean University, and any other agency, authority, commission, or instrumentality of State government which has an independent corporate existence, to participate in the plan.
L.1978, c.39, s.12; amended 1985, c.449; 2012, c.45, s.133; 2017, c.178, s.66; 2021, c.282, s.68.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-175 - Plan additional to and not part of retirement or pension system

52:18A-175. Plan additional to and not part of retirement or pension system
The plan shall be in addition to and not a part of any retirement or pension system.
L.1978, c. 39, s. 13, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-176 - Portability of employees' credit from similar plans

52:18A-176. Portability of employees' credit from similar plans
The board, either in the plan or through separate rules and regulations, may allow for the portability of appropriate amounts of employees' credit from similar plans maintained by employees' previous employers to the plan and from the plan to similar plans maintained by other employers. Authorizations for portability arrangements will be subject to the requirements of the similar plans of other employers and the approval of the United States Internal Revenue Service.
L.1978, c. 39, s. 14, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-177 - Determination plan consistent with requirements of Internal Revenue Service

52:18A-177. Determination plan consistent with requirements of Internal Revenue Service
No agreement may be entered into between the State and any employee for the deferral and deduction of any portion of current salary, pursuant to section 3 of this act, until the board determines that the plan and any related implementing rules and regulations are consistent with the requirements of the United States Internal Revenue Service.
L.1978, c. 39, s. 15, eff. June 19, 1978.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-179 - Legislative findings and declarations

52:18A-179. Legislative findings and declarations
The Legislature finds and declares that the consolidation of the Divisions of Purchase and Property and Building and Construction and the procurement and operational functions of the Division of Data Processing and Telecommunications in a General Services Administration under the control of an administrator who may exercise certain powers of the Treasurer will:
a. Group agencies and functions of related kind within the Department of the Treasury and subject them to appropriate supervisory control by a single officer responsible to the Treasurer;
b. Promote effective coordination of the department's operations for other State agencies; and
c. Increase efficiency in the performance of these services and in the general management of the department.
L.1984, c. 34, s. 2.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-180 - Definitions

52:18A-180. Definitions
As used in this act:
a. "Administration" means the General Services Administration in the Department of the Treasury, as established by this act.
b. "Administrator" means the General Services Administrator.
c. "Department" means the Department of the Treasury.
d. "Treasurer" means the Treasurer of the State of New Jersey.
L.1984, c. 34, s. 3.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-181 - General services administration; establishment

52:18A-181. General services administration; establishment
There is established in the Department of the Treasury a General Services Administration which shall supervise and coordinate those functions, powers and duties of the department as provided in this act.
L.1984, c. 34, s. 4.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-182 - General services administrator; qualifications; appointment; term of office; compensation

52:18A-182. General services administrator; qualifications; appointment; term of office; compensation
The administration shall be under the immediate supervision of the General Services Administrator who shall be a person qualified by training and experience to direct the work assigned to the administration. The administrator shall be appointed by the governor, with the advice and consent of the Senate, and shall serve during the term of office of the Governor and until the administrator's successor is appointed and has qualified. The State Treasurer shall fix the compensation of the administrator within the limits of available appropriations.
L.1984, c. 34, s. 5.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-183 - Organization; employees

52:18A-183. Organization; employees
The administrator shall organize the work of the administration in organizational units as he deems necessary for effective and efficient operation. The Treasurer, after consultation with the administrator, shall assign to the administration those employees of the department as may be necessary to assist the administrator in the performance of his duties.
L.1984, c. 34, s. 6.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-184 - Divisions of purchase and property and building and construction; consolidation under administration; continuance

52:18A-184. Divisions of purchase and property and building and construction; consolidation under administration; continuance
The Division of Purchase and Property as constituted by section 16 of the "Department of the Treasury Act of 1948," P.L.1948, c. 92 (C. 52:18A-16) and the Division of Building and Construction, as established by section 1 of P.L.1970, c. 95 (C. 52:18A-151) are consolidated under the administration. These divisions are continued with all the functions, powers and duties conferred upon them by law, subject to the supervision and control of the administrator.
L.1984, c. 34, s. 7.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-185 - Division of data processing and telecommunications; abolishment

52:18A-185. Division of data processing and telecommunications; abolishment
The Division of Data Processing and Telecommunications as established by section 1 of P.L.1970, c. 94 (C. 52:18A-137) is abolished.
L.1984, c. 34, s. 8.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-186 - Division of functions, powers and duties relating to data processing and telecommunications between administration and treasurer

52:18A-186. Division of functions, powers and duties relating to data processing and telecommunications between administration and treasurer
The administration shall have those functions, powers and duties set forth in sections 10 through 13 of this act relating to the procurement of data processing and telecommunications equipment and services and the operation of telecommunications systems. The remaining functions, powers and duties set forth in sections 10 through 13 of this act shall be exercised by the Treasurer.
L.1984, c. 34, s. 9.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-187 - Data processing and telecommunications; duties

52:18A-187. Data processing and telecommunications; duties
With respect to data processing and telecommunications, the administration or the department, as the case may be, shall:
a. Assure the effectiveness of information processing throughout the State government;
b. Advise in policy and planning decisions to insure that the State government is responsive to new programs involving data handling responsibilities;
c. Assure that the information processing capabilities of the State are kept current and abreast of changing technology;
d. Be the organization through which the agencies of the State government are kept informed as to current Statewide information processing capabilities and informed as to available machine sensible information;
e. Be responsible for the continued development of efficient uses of information processing; and
f. Assure that telecommunication services are provided throughout the State government in the most economical, uniform and effective manner.
L.1984, c. 34, s. 10.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-188 - Means to accomplish duties

52:18A-188. Means to accomplish duties
In order to accomplish the foregoing, the administration or the department, as the case may be, shall:
a. Be responsible for evaluating all requests affecting the information processing facilities of the State including:
(1) The acquisition, continuation or alteration of equipment;
(2) The use of consulting firms in information processing studies or projects; and
(3) The purchase of information processing services;
b. Direct the assignment and reassignment of information processing tasks among the various State government information processing facilities;
c. Be the organization to represent the State in all intergovernmental matters relating to information processing; and
d. Promulgate those rules and regulations which are necessary to effectuate the purposes of this act.
L.1984, c. 34, s. 11.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-189 - Data processing; duties

52:18A-189. Data processing; duties
With respect to data processing, the administration or the department, as the case may be, shall:
a. Foster and direct the establishment and consolidation of information processing centers throughout the State in order to achieve economies in the use of information processing facilities;
b. Develop, promulgate and maintain a Statewide master plan for the economic and effective use of information processing facilities;
c. Direct and conduct periodic effectiveness audits of the various facilities comprising the State's information processing capability;
d. Determine whether State agencies are prepared to make effective use of consultants prior to those consultants being solicited or engaged to alter, improve or establish methods or procedures involving information processing;
e. Monitor the progress of consultants in order to assure that their recommendations and performance are consistent with Statewide objectives of efficiency and economy;
f. Review requests for the use of commercial service organizations and direct the accomplishment of the required tasks by State facilities wherever deemed advisable;
g. Be responsible, with the using agency, for selection and acquisition decisions taking into account the necessity for encouraging competition through solicitation of proposals from qualified vendors; and
h. Determine the advisability of the acquisition and use of specific software packages.
L.1984, c. 34, s. 12.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-190 - Telecommunications; definition; duties

52:18A-190. Telecommunications; definition; duties
As used in this act, "telecommunications" means any transmission, emission or reception of signs, signals, writings, images and sounds or intelligences of any nature by wire, radio, optical or other electromagnetic system.
With respect to telecommunications, the administration or the department, as the case may be, shall:
a. Direct the consolidation and coordination of the State's telecommunications facilities in order to insure the efficient and economical use of telecommunications services by State agencies;
b. Develop technical plans for and recommend communication facilities and equipment which will satisfy agency operational communications requirements;
c. Conduct continuing reviews and evaluations of communication facilities and equipment used by State agencies in order to insure that agency needs are being fulfilled at the most economical cost to the State; and
d. Develop and implement policies, standards, practices and procedures to insure orderly development of State communication facilities in an economic and efficient manner.
L.1984, c. 34, s. 13.
2023 New Jersey Revised Statutes › Title 52 - State Government, Departments and Officers › Section 52:18A-191 - Administrator; additional duties

52:18A-191. Administrator; additional duties
In addition to supervising and coordinating the functions, powers and duties of the administration provided in sections 5 and 6 of this act, the administrator shall:
a. Directly supervise the operations of the Financial Management and Data Center; and
b. Exercise any function, power or duty of the Treasurer relating to the procurement of goods or services, the award of State contracts or the acquisition or disposition of real or personal property as the Treasurer shall, in writing, certify. The certificate shall state the scope of the powers which the administrator may exercise, and shall be filed with the Secretary of State, and shall remain in effect until rescinded by the Treasurer by a certificate similarly filed.
L.1984, c. 34, s. 14.