New Jersey Statutes
§ 17:12B-55 — Death benefits
New Jersey·Title 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE
Where a plan or plans provide for death benefits, said death benefits shall not exceed an amount equal to 100 times the monthly pension benefit provided under the plan or plans, or the cash surrender value of any insurance or annuity contracts as provided for under the plan or plans, whichever is greater. The provision for death benefits or for a period certain shall not serve to reduce the maximum pension amount as set forth in this act. L.1963, c. 144, s. 55.
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Nearby Sections
15
§ 17:12B-1
Construction as revision of prior laws§ 17:12B-10
Per capita assets§ 17:12B-103
Pledge of account to association§ 17:12B-11
Mortgage deemed first lien.§ 17:12B-110
Transfer of membership§ 17:12B-111
Lost certificates and account books§ 17:12B-112
Termination of membership§ 17:12B-113
Notice to members§ 17:12B-114
Meeting place.§ 17:12B-115
Meetings§ 17:12B-116
Quorum