N.J. Admin. Code § 17:7-8.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 17:7-8.4 - Default retirement distribution

If a distribution is required to begin according to N.J.A.C. 17:7-8.2 and the participant has not filed a claim by the date that is 90 days before the participant's required beginning date (as defined in N.J.A.C. 17:7-8.3), or if the Plan Administrator has denied a claim and an acceptable claim has not been filed before the applicable date, the Plan Administrator shall direct payment in a single sum distribution to the participant or beneficiary, as the case may be.