New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 10 - JUDICIAL RETIREMENT SYSTEM
Subchapter 3 - INSURANCE AND DEATH BENEFITS
Section 17:10-3.1 - Computation of benefits; non-contributory insurance
Current through Register Vol. 56, No. 18, September 16, 2024
(a) If a member dies during the first year following the member's date of enrollment, the non-contributory insurance benefit shall be 1 1/2 times the annual salary received by the member at the time of death.
(b) Where a post audit of insurance claim payments indicates that the salary reported by an employer was incorrect and resulted in the overpayment of a non-contributory insurance claim to a member's designated beneficiary or estate, the employer will be billed for the value of the overpayment of insurance benefits. Where post audits establish the insurance benefits were underpaid, an additional check would be sent to the beneficiary for the value of the underpayment.