New Jersey Statutes 43:6A-19. Death of retirant on pension or retirement allowance based on age and service or early retirement; payments to beneficiary
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Terms Used In New Jersey Statutes 43:6A-19
- 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
Upon the receipt of proper proofs of the death of a member who has retired on a pension or retirement allowance based on age and service, or pursuant to section 10, there shall be paid to the member’s beneficiary, an amount equal to one-fourth of the final salary received by the member.
L.1973, c. 140, s. 19, eff. May 22, 1973. Amended by L.1981, c. 470, s. 12, eff. Jan. 19, 1982.