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NJ S2395
Bill
Status
1/29/2024
Primary Sponsor
Shirley Turner
Click for details
AI Summary
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Mandates the State Investment Council to issue quarterly reports (by August 1, October 1, February 1, and May 1) detailing investment returns achieved by external managers for State-administered retirement system funds, segregated by asset class
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Requires external managers to disclose fees and rates charged for investments across all asset classes including commodities, hedge funds, private equities, real estate, bonds, and equities
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Expands reporting requirements to specify whether investments were made by Division of Investment employees or by external managers
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Extends the council's political contribution disclosure regulations to apply equally to federal, national, and non-State political committees, not just State committees
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Requires quarterly reports to be submitted to the Governor, Legislature, State Treasurer, and posted on the Division of Pensions and Benefits website
Legislative Description
Requires State Investment Council report certain information quarterly; requires council's regulations addressing political contributions apply to federal or national committees and non-State political committees.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/29/2024