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. Additionally, the bill clarifies that the director may use a lower ratio for any specific institution if deemed appropriate, but the total number of State-funded full-time employee positions cannot exceed the actual number of employees at the institution.

The bill aims to provide a structured approach to managing State funding for employee benefits in higher education, ensuring that resources are allocated efficiently based on student enrollment. It is set to take effect immediately and will apply to the first full academic year following its enactment.