43:16-6.2 - Annual meeting of commission; chairman, records, legal adviser, actuary - New-jersey Statutes

State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-16 > 43-16-6-2

43:16-6.2.   Annual meeting of commission; chairman, records, legal adviser, actuary
     7.   On July 1, 1952, and in each succeeding year, or, when July 1 is a legal holiday, upon the first business day thereafter, the members of the commission shall meet in annual meeting at which a chairman shall be elected from the membership thereof. The commission shall keep, in convenient form, such data as may be necessary for the actuarial evaluation of the fund committed to its charge and to serve as a record of its experience in the administration of the pension system dependent upon such fund. A record shall be kept of all proceedings of the commission, which shall be open to public inspection. The Attorney General shall act as the legal adviser of the commission, except that if the Attorney General determines that a conflict of interest would affect the ability of the Attorney General to represent the commission on a matter affecting the retirement system, the commission may select and employ legal counsel to advise and represent the commission on that matter. The actuary of the fund shall be selected by the Retirement Systems Actuary Selection Committee established by P.L.1992, c.125. He shall be the technical adviser of the commission on all matters regarding the operation of the pension fund not otherwise prescribed by law.

    L.1952,c.358,s.7; amended 1970,c.57,s.15; 1992,c.41,s.21; 1992,c.125,s.11.

State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-16 > 43-16-6-2

43:16-6.2.   Annual meeting of commission; chairman, records, legal adviser, actuary
     7.   On July 1, 1952, and in each succeeding year, or, when July 1 is a legal holiday, upon the first business day thereafter, the members of the commission shall meet in annual meeting at which a chairman shall be elected from the membership thereof. The commission shall keep, in convenient form, such data as may be necessary for the actuarial evaluation of the fund committed to its charge and to serve as a record of its experience in the administration of the pension system dependent upon such fund. A record shall be kept of all proceedings of the commission, which shall be open to public inspection. The Attorney General shall act as the legal adviser of the commission, except that if the Attorney General determines that a conflict of interest would affect the ability of the Attorney General to represent the commission on a matter affecting the retirement system, the commission may select and employ legal counsel to advise and represent the commission on that matter. The actuary of the fund shall be selected by the Retirement Systems Actuary Selection Committee established by P.L.1992, c.125. He shall be the technical adviser of the commission on all matters regarding the operation of the pension fund not otherwise prescribed by law.

    L.1952,c.358,s.7; amended 1970,c.57,s.15; 1992,c.41,s.21; 1992,c.125,s.11.

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State Codes and Statutes

Statutes > New-jersey > Title-43 > Section-43-16 > 43-16-6-2

43:16-6.2.   Annual meeting of commission; chairman, records, legal adviser, actuary
     7.   On July 1, 1952, and in each succeeding year, or, when July 1 is a legal holiday, upon the first business day thereafter, the members of the commission shall meet in annual meeting at which a chairman shall be elected from the membership thereof. The commission shall keep, in convenient form, such data as may be necessary for the actuarial evaluation of the fund committed to its charge and to serve as a record of its experience in the administration of the pension system dependent upon such fund. A record shall be kept of all proceedings of the commission, which shall be open to public inspection. The Attorney General shall act as the legal adviser of the commission, except that if the Attorney General determines that a conflict of interest would affect the ability of the Attorney General to represent the commission on a matter affecting the retirement system, the commission may select and employ legal counsel to advise and represent the commission on that matter. The actuary of the fund shall be selected by the Retirement Systems Actuary Selection Committee established by P.L.1992, c.125. He shall be the technical adviser of the commission on all matters regarding the operation of the pension fund not otherwise prescribed by law.

    L.1952,c.358,s.7; amended 1970,c.57,s.15; 1992,c.41,s.21; 1992,c.125,s.11.