Prohibits investment of pension and annuity funds by State in entities that avoid Superfund obligations to State.

This bill (S 2418) prohibits New Jersey's state pension and annuity funds from investing in companies that avoid paying for pollution cleanup costs at Superfund sites. Specifically, it bans investments in businesses identified by the EPA as responsible for Superfund sites who later file bankruptcy to evade those cleanup costs. The Treasury Department must divest such investments within three years of identification, with reports to the legislature on progress. The law directly affects pension fund managers and companies that use bankruptcy to avoid environmental cleanup responsibilities, like the Diamond Alkali site case in Newark.