This bill establishes a minimum student-to-employee ratio for calculating State support for employee fringe benefit costs at four-year public institutions of higher education in New Jersey. Specifically, it mandates that the Director of the Division of Budget and Accounting ensure that the number of State-funded full-time employee positions does not exceed a ratio of nine full-time equivalent enrolled students for every one full-time employee position. However, the bill allows for flexibility, stating that the director may use a lower ratio for any specific institution if deemed appropriate, while also ensuring that the number of State-funded full-time employee positions does not surpass the actual number of employees at the institution.

The bill aims to create a structured approach to funding employee fringe benefits in higher education, promoting efficiency and accountability in the allocation of State resources. It is set to take effect immediately and will apply to the first full academic year following its enactment.