N.J. Stat. § 43:15C-5.1

Current through L. 2024, c. 87.
Section 43:15C-5.1 - Receipt of distributions prior to severance from employment

Notwithstanding the provisions of section 1 of P.L. 2007, c. 92(C.43:15C-1), N.J.A.C. 17:6-10.2, or any other law or regulation to the contrary, a participant in the defined contribution retirement program may elect to receive, prior to the participant's severance from employment, a distribution under a federal stimulus program in response to the coronavirus disease 2019 (COVID-19) pandemic, including, but not limited to, a "coronavirus-related distribution" under the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136(2020).

N.J.S. § 43:15C-5.1

Added by L. 2020, c. 115, s. 11, eff. 10/30/2020.