New Jersey S198 prohibits state pension and annuity funds from investing in the 200 largest fossil fuel companies and mandates divestment from these.

New Jersey S198 prohibits the state from investing in the 200 largest publicly traded fossil fuel companies and requires divestment from these companies. The divestment from coal companies must be completed within 24 months, while divestment from other fossil fuel companies must be completed within 12 months. The Director of the Division of Investment can cease divestment or reinvest in previously divested companies if it can be shown that the divestment would cause the state retirement funds to fall to or below 99.5% of their hypothetical value had no divestment occurred.

New Jersey S198 prohibits state pension and annuity funds from investing in the 200 largest fossil fuel companies and mandates divestment from these.

New Jersey S198 prohibits the state from investing in the 200 largest publicly traded fossil fuel companies and requires divestment from these companies. The divestment from coal companies must be completed within 24 months, while divestment from other fossil fuel companies must be completed within 12 months. The Director of the Division of Investment can cease divestment or reinvest in previously divested companies if it can be shown that the divestment would cause the state retirement funds to fall to or below 99.5% of their hypothetical value had no divestment occurred.