N.J. Admin. Code § 17:6-11.5
Current through Register Vol. 56, No. 23, December 2, 2024
If an annuity payment option is permitted by the Plan Administrator, then the participant, alternate payee, or beneficiary may elect on the applicable form whether to recalculate life expectancy (or any element of it) to the fullest extent permitted by IRC § 401(a)(9)(D). If the participant, alternate payee, or beneficiary does not timely make this election, the participant, alternate payee, or beneficiary is deemed to have elected the "default" method specified by the applicable annuity payment option with respect to an investment option, or to the extent that no method is so specified, that no recalculation shall apply with respect to any individual's life expectancy.
N.J. Admin. Code § 17:6-11.5