# N.J. Stat. § 43:23-8: Avoidance of liability

> New Jersey · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-8

## Section

- **Citation:** N.J. Stat. § 43:23-8
- **Heading:** Avoidance of liability
- **Jurisdiction:** New Jersey
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** NJ Code / Title 43 / Chapter 23 / Section 23-8

## Text

8. The Department of the Treasury shall not expose the State as an employer or through administration of the marketplace to any liability under the federal "Employee Retirement Income Security Act of 1974" (29 U.S.C. s.1001 et seq.). The Department of the Treasury is specifically prohibited from offering and operating a State-sponsored retirement plan for businesses for individuals who are not employed by the State, or any political subdivision thereof. L.2015, c.298, s.8.

## Nearby sections

- [N.J. Stat. § 43:23-1 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-1.md)
- [N.J. Stat. § 43:23-2 Findings, declarations relative to a New Jersey Small Business Retirement Marketplace.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-2.md)
- [N.J. Stat. § 43:23-3 Definitions relative to a New Jersey Small Business Retirement Marketplace.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-3.md)
- [N.J. Stat. § 43:23-4 New Jersey Small Business Retirement Marketplace.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-4.md)
- [N.J. Stat. § 43:23-5 Plan for the operation of the marketplace.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-5.md)
- [N.J. Stat. § 43:23-6 Contracts with private sector entities.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-6.md)
- [N.J. Stat. § 43:23-7 Use of private funding sources.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-7.md)
- [N.J. Stat. § 43:23-8 Avoidance of liability.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-8.md)
- [N.J. Stat. § 43:23-9 Incentive payment to participating employers.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-9.md)
- [N.J. Stat. § 43:23-10 Report to Legislature.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-10.md)
- [N.J. Stat. § 43:23-11 Compliance.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-11.md)
- [N.J. Stat. § 43:23-12 Regulations.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-12.md)
- [N.J. Stat. § 43:23-13 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-13.md)
- [N.J. Stat. § 43:23-14 Definitions relative to certain retirement plans.](https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_NJ_T43_C23_S23-8. Check the current official text before relying on it. Not legal advice.