New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 37 - MUNICIPAL, COUNTY AND AUTHORITY EMPLOYEES DEFERRED COMPENSATION PLANS
Subchapter 9 - INVESTMENT POLICIES
Section 5:37-9.4 - Timing of investments
Universal Citation: NJ Admin Code 5:37-9.4
Current through Register Vol. 56, No. 6, March 18, 2024
All funds from amounts deferred other than those needed to pay benefits shall be invested by the plan manager or contractor responsible for investments within 72 hours, exclusive of Sundays and holidays, from the time the plan manager or contractor receives the funds or is notified that the funds are available for investment or is in any other manner aware that the amounts deferred have been made and are available for investment.
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