Gives Director subpoena powers in administration of Division of Pensions and Benefits.

This bill (A2990) grants the Director of the Division of Pensions and Benefits subpoena authority to compel testimony and document production during investigations into state pension funds. It directly affects pension fund administrators, trustees, and individuals or entities providing records to the division. The key provision allows the Director to issue subpoenas for witnesses, documents, and records, with noncompliance addressed through Superior Court contempt proceedings. The change streamlines the Director’s ability to gather evidence for pension fund oversight.