N.J. Admin. Code § 12:18-2.20

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

Section 12:18-2.20 - Discontinuance

(a) As provided in the Act, a private plan shall be discontinued when the Division withdraws its approval thereof upon being furnished satisfactory evidence that a majority of the covered employees have made election in writing to discontinue such plan.

(b) An employer may discontinue a private plan upon proper notice to the Division and to the covered employees.