N.J. Admin. Code § 17:3-3.12

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

Section 17:3-3.12 - Beneficiary designation; pension contributions

(a) Only a primary and a contingent designation of beneficiary may be made by the member for the payment of such member's accumulated pension contributions.

(b) When a member establishes multiple status by becoming employed by one or more additional employers in an eligible position or positions and files an enrollment application, the beneficiaries designated on the most recently submitted enrollment application supersede any older designations of beneficiaries on file with the Division. However, pursuant to the provisions of 18A:66-19.1, multiple status is not permitted for those enrolling in the Fund after May 21, 2010.

(c) All beneficiaries must be specifically named.

N.J. Admin. Code § 17:3-3.12

Amended by 47 N.J.R. 2876(a), effective 11/16/2015