---
type: "Bill"
title: "Allows local government deferred compensation plans to invest in collective investment trusts."
description: "Allows local government deferred compensation plans to invest in collective investment trusts."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "220"
identifier: "S 2423"
citation: "New Jersey S 2423 (220)"
classification: ["bill"]
subjects: ["LOC GOVT", "LOCAL BUDGET"]
status: "enacted"
primary_sponsors: ["Calabrese, Clinton", "McKeon, John F.", "Pou, Nellie"]
version_count: 1
action_count: 7
vote_count: 0
first_action: "2022-05-09T04:00:00+00:00"
last_action: "2023-05-08T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/2f9089b4-95de-48d1-b90c-f5d9681d97de"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "5533611b2ba35d090cd786197c255576ecfff5c33a98b405fc7894094c20f3a7"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 2423 (220) — Allows local government deferred compensation plans to invest in collective investment trusts.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/S2500/2423_I1.HTM)

## Sponsors

- Calabrese, Clinton — primary (person)
- McKeon, John F. — primary (person)
- Pou, Nellie — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-05-09T04:00:00+00:00** Introduced in the Senate, Referred to Senate Commerce Committee `introduction, referral-committee`
- **2022-05-16T04:00:00+00:00** Reported out of Senate Committee, 2nd Reading `committee-passage`
- **2022-11-21T05:00:00+00:00** Passed Senate (35-0) `passage`
- **2022-11-21T05:00:00+00:00** Received in the Assembly without Reference, 2nd Reading
- **2023-02-27T05:00:00+00:00** Substituted for A3746
- **2023-02-27T05:00:00+00:00** Passed Assembly (Passed Both Houses) (78-0-0) `passage`
- **2023-05-08T04:00:00+00:00** Approved P.L.2023, c.43. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/2f9089b4-95de-48d1-b90c-f5d9681d97de`. Confidence: reported (aggregated from official New Jersey legislature records).