New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 37 - MUNICIPAL, COUNTY AND AUTHORITY EMPLOYEES DEFERRED COMPENSATION PLANS
Subchapter 10 - ACCOUNTING PROCEDURES
Section 5:37-10.1 - Pooling of funds
Universal Citation: NJ Admin Code 5:37-10.1
Current through Register Vol. 56, No. 18, September 16, 2024
Except for individual annuities and life insurance contracts, the plan shall provide for investments in authorized investment options by pooling the amounts deferred. The return on investments shall be apportioned on a prorated basis among all participants in the plan after deductions for reasonable administrative costs.
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