N.J. Admin. Code § 17:4-1.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 17:4-1.3 - Officers and committees

(a) The chairperson, first vice chairperson and second vice chairperson of the Board will be elected by a majority vote of the members in attendance at the first meeting of July, not less than six members to be present at such meeting.

1. A representative to the Pension System Actuary Selection Committee, as provided by 43:4B-1, shall be elected by the Board whenever the selection of a new actuary is needed.

2. A representative to the State Investment Council shall be elected pursuant to 52:18A-83 from the retirement system's membership for the next term.

(b) The chairperson of the Board shall preside at all of its meetings, or in the absence of the chairperson, the first vice chairperson shall assume the chairperson's responsibilities. If both are absent, the second vice chairperson shall assume the chairperson's responsibilities. In the absence of the chairperson and first and second vice chairperson, another member selected by the majority of the members in attendance will preside for that single meeting.

(c) The Director of the Division shall appoint a qualified employee of the Division to be Secretary of the Board.

(d) The chairperson will appoint such committees from the Board members as deemed necessary to facilitate the Board's operations. Such committee appointments will be for a one year period, commencing each July 1.

N.J. Admin. Code § 17:4-1.3

Amended by R.2001 d.66, effective 2/20/2001.
See: 32 N.J.R. 4060(a), 33 N.J.R. 684(a).
Rewrote the section.
Amended by R.2001 d.392, effective 11/5/2001.
See: 33 N.J.R. 2611(a), 33 N.J.R. 3756(a).
In (a), deleted "and" following "chairperson", inserted ", first" preceding "vice chairperson", and inserted ", and the second vice chairperson" following "vice chairperson"; rewrote (b).
Amended by R.2011 d.235, effective 9/6/2011.
See: 43 N.J.R. 1177(a), 43 N.J.R. 2364(b).
In the introductory paragraph of (a), deleted a comma following "chairperson"; added (a)1 and (a)2; and in (c), deleted "of Pensions and Benefits" following the first occurrence of "Division".