Permits Director of Division of Pensions and Benefits to initiate temporary transfer of funds in certain circumstances.

Summary

The bill gives the Director of the Division of Pensions and Benefits the authority to initiate temporary transfers of pension or benefit monies when certain conditions arise. It affects the management of state pension and benefit assets and the individuals who depend on those funds. The change is intended to provide flexibility for handling unexpected financial needs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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