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New Jersey Statutes, Title: 43, PENSIONS AND RETIREMENT AND UNEMPLOYMENT COMPENSATION
Chapter 23: Small Business Retirement Plans
Section: 43:23-8: Avoidance of liability.
8. The Department of the Treasury shall not expose the State as an employer or through administration of the marketplace to any liability under the federal "Employee Retirement Income Security Act of 1974" (29 U.S.C. s.1001 et seq.). The Department of the Treasury is specifically prohibited from offering and operating a State-sponsored retirement plan for businesses for individuals who are not employed by the State, or any political subdivision thereof.
L.2015, c.298, s.8.
This section added to the Rutgers Database: 2016-03-01 09:14:26.
Older versions of 43:23-8 (if available):
Court decisions that cite this statute:
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