18A:66-191 - Prohibited payments; authorized payments - New Jersey Statutes

18A:66-191.    Prohibited payments; authorized payments 
  25.    No retirement, death or other benefit shall be payable by the State, the University of Medicine and Dentistry, Rutgers, The State University, the New Jersey Institute of Technology or the Division of Pensions under the alternate benefit program.  Benefits shall be payable to participating employees and their beneficiaries only by the designated insurers or mutual fund companies under the terms of the contracts. 

L.1969,c.242,s.25; amended 1993,c.385,s.11; 1994,c.48,s.192.