N.J. Admin. Code § 17:2-6.22

Current through Register Vol. 57, No. 1, January 6, 2025

Section 17:2-6.22 - Waiver

(a) If for any reason a retirement allowance or portion thereof has been waived by a retired member or beneficiary, the benefit waived shall remain in the retirement reserve fund.

(b) Such retired members or beneficiaries may cancel the waiver effective as of the first day of any month subsequent to the receipt of the notice of cancellation; however, they may not make a claim for retroactive payment of any benefits waived prior thereto.

Amended by R.2000 d.26, effective 1/18/2000.
See: 31 New Jersey Register 3229(a), 32 New Jersey Register 304(a).
In (b), substituted a reference to retired members and beneficiaries for a reference to persons, neutralized a gender reference, and substituted a reference to retroactive payment for a reference to payment.