N.J. Admin. Code § 17:8-3.2
Current through Register Vol. 56, No. 23, December 2, 2024
On retirement, participants shall designate a primary and contingent beneficiary provided the retirement option requires such designation. This designation shall include: each beneficiary's full name, Social Security number, tax identification number (for estates or trusts), address, and date of birth. Once a beneficiary has been elected, the participant cannot change the beneficiary regardless of the circumstances. If the designated beneficiaries predecease the participant, annuity payments will only continue during the participant's life with no alternate survivor payout.
N.J. Admin. Code § 17:8-3.2