N.J. Admin. Code § 5:30-14.34

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

Section 5:30-14.34 - Plan amendment

(a) Any amendment to a length of service award plan shall be submitted for review and approval by the Director pursuant to (d) below prior to implementation.

(b) The documentation submitted to the Director shall identify the regulatory authority for the amendment and the specific language of the change.

(c) The sponsoring agency shall adopt the amendment by resolution of the governing body. A certified copy of the resolution shall be forwarded to the Director.

(d) The Director shall approve a proposed amendment provided:

1. The information required in (b) and (c) above is satisfactorily provided;

2. The amendment complies with the notification requirements of 5:30-14.33; and

3. The amendment does not cause any adverse impact on the plan participants.

N.J. Admin. Code § 5:30-14.34