New Jersey Statutes 43:15A-64. Effect of lack of Social Security coverage and insufficient service credit
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Terms Used In New Jersey Statutes 43:15A-64
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
Any other provision of this act notwithstanding (a) any member of the retirement system who is not covered under the old-age and survivor’s insurance provisions of Title II of the Federal Social Security Act as a public employee shall not be eligible for the death benefit provisions of sections 38, 41, 45(c), 46(c), 48 (c), 49(e) and 57 except for the payment of accumulated deductions together with regular interest; (b) no beneficiary of a pensioner who enrolled as a member on or after July 1, 1971 and who retired for any reason other than disability shall be entitled to receive benefits pursuant to the noncontributory death benefit coverages provided by this chapter if the pensioner had less than 10 years of service credit for retirement purposes at the time of retirement.
L.1954, c. 84, p. 517, s. 64. Amended by L.1966, c. 217, s. 14; L.1971, c. 213, s. 29, eff. June 17, 1971.