{"data":{"id":"us-nj/n.j.-stat.-40a-9-17.2","jurisdiction":"us-nj","citation":"N.J. Stat. § 40A:9-17.2","heading":"Transmittal, crediting of funds to purchase annuity for employees.","body":"5.\tAmounts payable by a unit of local government which has entered into an agreement with any of its employees under which the employee agrees to take a reduction in salary in return for the public entity's agreement to use a corresponding amount to purchase for the employee an annuity meeting the requirements of section 403(b) of the federal Internal Revenue Code for a pay period shall be transmitted and credited not later than the fifth business day after the date on which the employee is paid for that pay period.\nL.1999,c.247,s.5.","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":"4b28289ab2f60f048cecf09c7cca721b54d6cf5dca5b79bb5e3c9f11dc3f916d","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-40a-9-17.1","next":"us-nj/n.j.-stat.-40a-9-18"},"notice":"GroundRules: Original legal text. Not legal advice."}