New Jersey A5330 allows the Director of the Division of Pensions and Benefits to temporarily transfer funds if the health benefits fund for active.
New Jersey A5330 permits the Director of the Division of Pensions and Benefits to initiate a temporary transfer of funds from the health benefits fund for qualified local education retirees and their dependents to the health benefits fund for active education employees and their dependents. This transfer is allowed if the available funds in the latter fund are insufficient to cover 10 days of anticipated payments. The amount transferred must not exceed the amount necessary to cover 30 days of anticipated payments from the fund.
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