S 1628

This bill prohibits New Jersey's state pension and annuity funds from investing in companies involved in the production or maintenance of nuclear weapons, including their subsidiaries, affiliates, or parent companies. The State Investment Council and Division of Investment must divest from any existing investments in such companies within two years of the bill's effective date, while adhering to sound investment criteria and fiduciary obligations. The bill requires initial identification of affected companies within 120 days and mandates annual reporting on divestment progress to the Governor, Legislature, and Attorney General, while also providing legal indemnification for state officials implementing these investment restrictions.