17:9A-27.10 - Disposition of contributions of employee - New Jersey Statutes

17:9A-27.10.  Disposition of contributions of employee    Every plan shall provide that, upon termination of employment of an employee  for any cause other than retirement pursuant to such plan, or upon the death of  such employee prior to such retirement, all contributions made by such employee  pursuant to such plan shall be repaid to such employee, or to a beneficiary or  beneficiaries designated by him.  A plan may provide that such employee shall  have the option of receiving the return of his contributions in cash, or in the  form of an annuity payable in such manner and subject to such conditions as may  be prescribed by such plan, and such provision shall constitute a compliance  with this section.

     L. 1953, c. 124, p. 1315, s. 10.