N.J. Stat. tit. 43, ch. 4B

N.J. Stat. § 43:4B-1 Retirement Systems Actuary Selection Committee.

19. There is hereby established the Retirement Systems Actuary Selection Committee which shall consist of the State Treasurer, and the directors of the Divisions of Pensions and Benefits and Investment, and Office of Management and Budget, or their designated representatives, and one member designated by each of the boards of trustees of the Public Employees' Retirement System established pursuant to P.L.1954, c.84 (C.43:15A-1 et seq.) and the Teachers' Pension and Annuity Fund established pursuant to N.J.S.18A:66-1 et seq. The committee shall select the actuary or actuaries for the State retirement systems in accordance with the provisions of P.L.1954, c.48 (C.52:34-6 et seq.), provided, however, that the boards shall have the power to veto the selection of the actuary for valid reason. L.1992, c.125, s.19; amended 2011, c.78, s.24; 2018, c.55, s.6.

N.J. Stat. § 43:4B-2 Information available to, provided to pension boards

20. The Director of the Division of Pensions shall annually communicate to the board of each pension system the relevant factors used in calculating the State's contributions to that system's accrued liability. Further, the pension boards shall have access to all relevant actuarial information relating to any actuarial matter under consideration by the boards, subject to financial restraints imposed by the contract agreement. L.1992,c.125,s.20.