N.J. Admin. Code § 17:3-3.6

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

Section 17:3-3.6 - Survivor benefits

(a) Payment of benefits to eligible survivors shall become effective on the first of the month subsequent to the member's death and shall terminate on the first of the month subsequent to the date on which the survivor no longer qualifies for such benefits.

(b) In the instance of an active member who died in the performance of duty (accidental death), the initial pension payment will be for the month following the month in which the member died, and the last payment will cover the month the survivor dies or ceases to qualify for the continuance of benefits.

(c) In calculating an Option 1 reserve balance upon the death of a retired member, when a beneficiary elects an annuity certain (specified number of years) or a life annuity, the applicable factor is based upon the beneficiary's age at the time of the member's death. If a beneficiary is six months or more past his or her birthday, the factor is based upon the beneficiary's age on his or her next birthday.

(d) In calculating the group life insurance benefits upon the death of an active employee when a beneficiary elects an annuity certain (specified number of years) or a life annuity, the applicable factor is based upon the beneficiary's age at the time of the member's death. The factor is based solely on the beneficiary's age at the time of the member's death and is not rounded up to the next birthday.

N.J. Admin. Code § 17:3-3.6

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