N.J. Admin. Code § 17:3-3.9

Current through Register Vol. 56, No. 23, December 2, 2024
Section 17:3-3.9 - Retired life insurance coverage

If a member's date of TPAF enrollment was on or after July 1, 1970, noncontributory life insurance shall be payable after the death of a retired member, only if the member established 10 or more years of pension membership credit at the time of retirement, or retired on a disability retirement. The noncontributory life insurance coverage for service, early, veteran and deferred retirements as well as disability retirements where the retiree is age 60 or older shall equal 3/16 of the retiree's last 10 months of salary if formerly employed on a 10-month basis, or 12 months of salary if formerly employed on a 12-month basis. Contributory group life insurance coverage shall equal 4/16 of the retiree's last 10 months of salary if formerly employed on a 10-month basis, or 12 months of salary if formerly employed on a 12-month basis. No premium payments are required to continue the coverage after retirement.

N.J. Admin. Code § 17:3-3.9

New Rule, R.2002 d.352, effective 11/4/2002.
See: 34 New Jersey Register 1997(a), 34 New Jersey Register 3782(c).
Former N.J.A.C. 17:3-3.9, Withdrawal and return, contributory insurance, recodified to N.J.A.C. 17:3-3.8.