New Jersey Administrative Code
Title 17 - TREASURY - GENERAL
Chapter 6 - DEFINED CONTRIBUTION RETIREMENT PROGRAM
Subchapter 19 - AMENDMENT
Section 17:6-19.2 - Amendment cannot change exclusive benefit
Universal Citation: NJ Admin Code 17:6-19.2
Current through Register Vol. 56, No. 6, March 18, 2024
Any amendment of the Program shall not be effective to the extent that the amendment has the effect of causing any Program assets to be diverted to or inure to the benefit of the State, the Plan Administrator or any employer, or to be used for any purpose other than providing benefits to participants and beneficiaries and defraying reasonable expenses of administering the Program.
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