New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 37 - MUNICIPAL, COUNTY AND AUTHORITY EMPLOYEES DEFERRED COMPENSATION PLANS
Subchapter 4 - AMENDMENTS OF PLAN
Section 5:37-4.3 - Plan amendment
Universal Citation: NJ Admin Code 5:37-4.3
Current through Register Vol. 56, No. 6, March 18, 2024
(a) Any amendment to a deferred compensation plan whether or not it is necessary to maintain the plan as an eligible deferred compensation plan within the meaning of the Internal Revenue Code shall be submitted for review and approval by the Director prior to implementation.
(b) The documentation submitted to the Director shall identify the regulatory authority for the amendment and the specific language of the change.
(c) The employer shall adopt the amendment by resolution of the governing body. A certified copy of the resolution shall be forwarded to the Director.
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