43:15A-90 - Purchase of coverage in discretion of state treasurer and board - New Jersey Statutes

43:15A-90.  Purchase of coverage in discretion of state treasurer and board
    The State Treasurer may, in his discretion, determine to purchase group insurance coverage for the noncontributory death benefit provisions as provided  in chapter 84 of the laws of 1954, or may determine not to purchase any group  insurance coverage for the death benefit provisions heretofore mentioned.  The  Board of Trustees of the Public Employees' Retirement System may, in its  discretion, determine to purchase group insurance coverage for additional death  benefit coverage as provided for in section 57 of chapter 84 of the laws of  1954 or may also, in its discretion, determine not to purchase any contributory  group insurance coverage for the additional death benefit provisions provided  in section 57 of chapter 84 of the laws of 1954.

     L.1955, c. 214, p. 830, s. 3.  Amended by L.1960, c. 79, p. 554, s. 3.