Prohibits investment by State of pension and annuity funds in, and requires divestment from, companies involved in production or maintenance of nuclear weapons.

This bill (S 1628) prohibits New Jersey's state pension and annuity funds from investing in companies involved in producing or maintaining nuclear weapons. It requires the state to sell all such investments within two years of the law taking effect, with annual reports tracking progress. The law applies specifically to funds managed by the Division of Investment under the Department of the Treasury. The bill mandates the State Investment Council to identify affected companies and report annually to state officials on divestment efforts. It is currently pending in the Senate.