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.
52:18A-113.6.Certain public employees permitted to transfer annuity funds
1. Employees of the Department of Education, the Commission on Higher Education, or the governing body of any public institution of higher education who are participants in the Supplemental Annuity Collective Trust pursuant to section 403(b) of the federal Internal Revenue Code of 1954, as amended, may :
a. transfer all or a portion of any 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.) ; or
b. transfer all or a portion of any funds that they may have invested in a tax-deferred annuity with any authorized provider to the Supplemental Annuity Collective Trust.
L.1996,c.77,s.1.