N.J. Admin. Code § 17:3-6.22

Current through Register Vol. 56, No. 11, June 3, 2024

Section 17:3-6.22 - Waiver

(a) If for any reason a retirement allowance or portion thereof has been waived by a retired member or beneficiary, the benefit waived shall remain in the Retirement Reserve Fund.

(b) Such retired members or beneficiaries may cancel the waiver effective as of the first day of any month subsequent to the receipt of the notice of cancellation; however, they may not make a claim for retroactive payments of any benefits waived prior thereto.

As amended, R.1973 d.49, effective 2/14/1973.
See: 5 New Jersey Register 20(b), 5 New Jersey Register 95(b).
Amended by R.2002 d.352, effective 11/4/2002.
See: 34 New Jersey Register 1997(a), 34 New Jersey Register 3782(c).
Inserted paragraph identifiers; in (b), substituted "retired members or beneficiaries" for "person", "retroactive payments" for "payment" and neutralized the gender reference.