52:18-11.1 - Individual retirement annuities for state employees and their spouses; contract with insurance company - New Jersey Statutes

52:18-11.1.  Individual retirement annuities for state employees and their spouses;  contract with insurance company
    The State Treasurer may enter into a contract with an insurance company authorized to do business in this State to provide to its employees, on a group  or individual basis, individual retirement annuities, as defined by section  408(b) of the Federal Internal Revenue Code of 1954 as amended (26 U.S.C.  s. 408(b)).  The contract shall provide for coverage under these annuities of  any employee of the State and may provide for the establishment of annuities on  behalf of the spouse of the employee.

     L.1983, c. 445, s. 5, eff. Jan. 9, 1984.