N.J. Admin. Code § 5:37-9.1

Current through Register Vol. 57, No. 1, January 6, 2025

Section 5:37-9.1 - Eligible investments

(a) The funds deferred shall be invested in one or more of the following types of investments to the exclusion of all others:

1. Interest bearing accounts or securities, in which savings banks of New Jersey are authorized to invest their funds;

2. State of New Jersey Cash Management Fund;

3. Individual or group annuity contracts, whether fixed or variable;

4. Mutual fund shares; or

5. Life insurance contracts, whether fixed or variable.

N.J. Admin. Code § 5:37-9.1