N.J. Admin. Code § 17:1-5.5
Current through Register Vol. 56, No. 21, November 4, 2024
Section 17:1-5.5 - Retired members-group life insurance and pension benefits(a) If the member was retired at the time of death, the benefits to eligible beneficiaries shall become effective on the first of the month following the member's death and shall terminate as of the month in which the beneficiary no longer qualifies for such benefits. A pension allowance shall be payable for the entire month in which the retirant or beneficiary dies.(b) In the event a retired member dies before repaying any outstanding obligations, the remaining balance will be deducted first from the group life insurance proceeds and then from the proceeds of any pension benefit, such as a monthly allowance or last check benefit. If multiple beneficiaries are to receive these benefits, each beneficiary shares in repaying the remaining balance in the same proportion in which he or she is entitled to the benefits. Any remaining funds will be distributed in accordance with the member's last Designation of Beneficiary on file.N.J. Admin. Code § 17:1-5.5
New Rule, R.2009 d.25, effective 1/5/2009.
See: 40 N.J.R. 4928(a), 41 N.J.R. 277(a).
Former N.J.A.C. 17:1-5.5, Domestic partners, recodified to N.J.A.C. 17:1-5.6.