N.J. Admin. Code § 17:8-3.9

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:8-3.9 - Transfers to alternate investment providers

(a) Employees of the Department of Education, the Commission on Higher Education or the governing body of any public institution of higher education may transfer all or a portion of the tax-sheltered plan to a tax-deferred annuity with an insurer or mutual fund company authorized to provide investment contracts under the provisions of N.J.S.A. 52:18A-113.2 et seq.

(b) Accounts shall be valued in accordance with the provisions of N.J.A.C. 17:8-1.5(g), not including the participant's contributions, if any, during the current calendar quarter.

New Rule, R.1997 d.294, effective 7/21/1997.
See: 29 New Jersey Register 1685(a), 29 New Jersey Register 3269(a).