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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 23: Small Business Retirement Plans
Section: 43:23-24: Allocation of interest, investment earnings, and investment losses.
12. Interest, investment earnings, and investment losses shall be allocated to individual program accounts as established by the board pursuant to subsection d. of section 8 of this act. An individual's retirement savings benefit under the program shall be an amount equal to the balance in the individual's program account on the date the retirement savings benefit becomes payable. The State shall have no liability for the payment of any benefit to any participant in the program.
L.2019, c.56, s.12.
This section added to the Rutgers Database: 2019-05-09 17:04:56.
Older versions of 43:23-24 (if available):
Court decisions that cite this statute:
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