N.J. Admin. Code § 17:10-5.5

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:10-5.5 - Benefits payable when a member dies with a retirement application pending

Pursuant to N.J.S.A. 43:6A-16.1, the person designated as the beneficiary of an optional settlement on a member's pending retirement application may request, upon the member's death, that the member's retirement and selected option become effective. The surviving beneficiary must request in writing that the State House Commission approve the retirement. If the deceased member failed to select an optional settlement, the State House Commission shall grant an Option 3 settlement.

N.J. Admin. Code § 17:10-5.5

Amended by R.2003 d.296, effective 7/21/2003.
See: 35 N.J.R. 388(a), 35 N.J.R. 3381(a).
Rewrote the section.
Repeal and new rule, R.2016 d.066, effective 6/20/2016.
See: 47 N.J.R. 2907(b), 48 N.J.R. 1315(a).
Section was "Death prior to effective date".