S.3467

Prohibits New Jersey from investing pension and annuity funds in entities avoiding Superfund obligations.

New Jersey S3467 prohibits the investment of public employee retirement funds in entities that avoid their Superfund obligations to the state. The bill targets businesses, countries, instrumentalities, or affiliates identified by the EPA as responsible parties for Superfund sites in New Jersey. It mandates divestment within three years of the bill's effective date or the identification of a violating entity. The bill also requires the director to notify the entity of the violation and inform them of the appeal process before taking divestment action.