Which guideline governs the management of employee pension funds in New Jersey?

The management of employee pension funds in New Jersey is primarily governed by the New Jersey Division of Pension and Benefits regulations. This division is responsible for overseeing the administration of the state's pension systems, which includes ensuring compliance with state laws, regulations, and guidelines related to pension funds.

Through these regulations, the Division of Pension and Benefits establishes standards for pension fund management, investment strategies, and the retirement benefits of public employees. This encompasses various aspects, including the funding of pension plans, contributions made by both employers and employees, and the payment of benefits to retired workers.

The other options involve different aspects of labor and financial management, but they do not specifically focus on the regulations that govern the operation and management of pension funds for state employees. For instance, the New Jersey Division of Labor regulations address general labor standards, while the state’s fiscal responsibility guidelines pertain to broader financial management practices within the state. Similarly, the New Jersey Retirement Board has policies related to retirement but operates under the broader guidelines set by the Division of Pension and Benefits. Thus, option B accurately represents the governing body for employee pension fund management in New Jersey.