N.J. Admin. Code § 17:4-6.18

Current through Register Vol. 56, No. 21, November 4, 2024

Section 17:4-6.18 - 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) 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 payment of any benefits waived prior thereto.

N.J. Admin. Code § 17:4-6.18

New Rule, R.2001 d.66, effective 2/20/2001.
See: 32 New Jersey Register 4060(a), 33 New Jersey Register 684(a).