New Jersey S1628 prohibits state pension and annuity funds from investing in companies involved in nuclear weapons production or maintenance.

New Jersey S1628 mandates that state pension and annuity funds cannot invest in companies involved in the production or maintenance of nuclear weapons. The bill requires divestment from these companies to be completed within two years. The State Investment Council and the Director of the Division of Investment must identify all companies subject to divestment and report annually on the progress. The act takes effect immediately.

New Jersey S1628 prohibits state pension and annuity funds from investing in companies involved in nuclear weapons production or maintenance.

New Jersey S1628 mandates that state pension and annuity funds cannot invest in companies involved in the production or maintenance of nuclear weapons. The bill requires divestment from these companies to be completed within two years. The State Investment Council and the Director of the Division of Investment must identify all companies subject to divestment and report annually on the progress. The act takes effect immediately.