N.J. Admin. Code § 17:7-12.17

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

Section 17:7-12.17 - Exchanges

(a) A participant or beneficiary is permitted to change the investment of his or her account among the pension providers under the ACTS. However, an investment change that includes an investment with a pension provider that is not eligible to receive contributions (referred to as an exchange) is not permitted.

(b) If any pension provider ceases to be eligible to receive elective deferrals under the ACTS, the Plan Administrator will enter into an information sharing agreement to the extent the Plan Administrator's contract with the pension provider does not provide for the exchange of information.

N.J. Admin. Code § 17:7-12.17

Adopted by 50 N.J.R. 1616(a), effective 7/16/2018