N.J. Admin. Code § 17:8-3.4

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

Section 17:8-3.4 - Death; transfer to suspense

(a) On the death of a participant the value of his account shall be determined as of the close of the month of death.

(b) If the designated beneficiary does not promptly apply for benefits the account shall be placed in suspense and shall cease participating in earnings or losses.