N.J. Admin. Code § 17:8-1.8

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

Section 17:8-1.8 - Computation of dollar values of equity units

(a) At the end of each month, which shall be the monthly unit valuation date, the value of the equity unit as of the end of such month shall be determined by dividing the excess of (b) over (c) by (d) below.

(b) Market value in dollars of the assets in the Variable Division at the end of the current month.

(c) The total contribution income received for the current quarter reduced by:

1. The contributions for the current quarter applicable to terminations during the current quarter; and

2. The contributions for the current quarter applicable to retirements during the current quarter.

(d) The sum of the total number of equity units in force in the Variable Accumulation Account and the Variable Benefit Account as of the end of the current month.

N.J. Admin. Code § 17:8-1.8