N.J. Admin. Code § 12:18-2.13

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

Section 12:18-2.13 - Certificate of approval; effective date

(a) The Division shall issue a "Certificate of Approval of Private Plan" which shall constitute evidence of approval of the plan by the Division.

(b) Each such private plan shall be submitted in detail to the Division and shall be approved by the Division to take effect as of the first day of the calendar quarter next following the submission date, or as of an earlier date if requested by the employer and approved by the Division. Grounds for approval of an earlier effective date include but are not limited to, whether the plan:

1. Is the result of an agreement contained in a labor-management contract; or

2. Covers a newly formed subsidiary of an employer with an existing private plan; or

3. Is the result of a succession from an employer with an existing private plan. As provided in N.J.S.A. 43:21-7(c)(7)(A), a successor in interest is an entity that acquires the organization, trade, or business, or substantially all the assets of an employer, whether by merger, consolidation, sale, transfer, descent, or otherwise.

N.J. Admin. Code § 12:18-2.13

Amended by R.1988 d.98, effective 3/7/1988.
See: 19 New Jersey Register 2238(b), 20 New Jersey Register 533(b).
Amended by R.1994 d.241, effective 5/16/1994.
See: 26 New Jersey Register 1326(a), 26 New Jersey Register 2131(a).
Amended by R.1998 d.157, effective 4/6/1998.
See: 30 New Jersey Register 12(a), 30 New Jersey Register 1288(a).