N.J. Admin. Code § 17:2-3.12

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

Section 17:2-3.12 - Beneficiary designation; pension contributions

(a) When a member establishes multiple membership by becoming employed by one or more additional employers in an eligible position or positions and files an enrollment application, the beneficiaries designated on the most recently submitted enrollment application supersede any older designations of beneficiaries on file with the Division. However, pursuant to the provisions of N.J.S.A. 43:15A-25.2, multiple membership is not permitted for those enrolling in the PERS after May 21, 2010.

(b) All beneficiaries must be specifically named.

Amended by 50 N.J.R. 646(a), effective 1/16/2018