{"data":{"id":"us-nj/n.j.-stat.-40a-11-15.1","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:11-15.1","heading":"Insurance contract to fund actuarial liability","body":"1.   Notwithstanding the provisions of subsection (6) of section 15 of P.L.1971, c.198 (C.40A:11-15) to the contrary, a county or a municipality in which a pension fund has been established pursuant to P.L.1943, c.160 (C. 43:10-18.1 et seq.), R.S.43:10-1 through R.S.43:10-18, P.L.1948, c.310 (C.43:10-18.50 et seq.), or P.L.1954, c.218 (C.43:13-22.3 et seq.), may enter into an insurance contract to fund the actuarial liability of its pension system, for a term which may not exceed the term of the actuarial liability covered by the contract.\nL.1985,c.68,s.1; amended 1994,c.185,s.2.","path":["TITLE 40A MUNICIPALITIES AND COUNTIES"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"1123843305822818ceb917cd9caf2e0a8827f0741f647d37e98d8c70191da4d1","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-11-15","next":"us-nj/n.j.-stat.-40a-11-15.2"},"notice":"GroundRules: Original legal text. Not legal advice."}