Prohibits State from investing pension and annuity funds in manufacturers or wholesale distributors of tobacco products.

This bill prohibits New Jersey's state pension and annuity funds from investing in companies that manufacture or distribute tobacco products. It requires the state to sell all existing investments in such companies within three years and mandates annual reports to the legislature detailing divestment progress and financial impacts. The policy directly affects the state's pension funds managed by the Division of Investment, ensuring these funds no longer support tobacco industry businesses.