17:12B-55 - Death benefits - New Jersey Statutes

17:12B-55.  Death benefits
    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.