N.J. Admin. Code § 17:7-7.4

Current through Register Vol. 56, No. 24, December 18, 2024
Section 17:7-7.4 - Investment direction during domestic relations matter

Notwithstanding any notice to the Plan Administrator or to any other person dealing with or performing services regarding the ABP Retirement Plan or ACTS that a domestic relations order is or may be presented to be determined as a QDRO, the participant shall continue to exercise his or her duty of investment direction as required by the ABP Retirement Plan or ACTS unless a court order expressly provides otherwise and the Plan Administrator determines that the court order is a QDRO. If a QDRO provides for an alternate payee or any person other than the participant to have a right of investment direction under the ABP Retirement Plan or ACTS, the Plan Administrator shall give effect to that court order to the extent permitted by the ABP Retirement Plan or ACTS.

N.J. Admin. Code § 17:7-7.4