43:3B-6 - Waiver of right to increased retirement allowance, survivorship benefit or pension - New Jersey Statutes

43:3B-6.  Waiver of right to increased retirement allowance, survivorship benefit or pension    Any person who is eligible to receive the increased retirement allowance, survivorship benefit or pension under the provisions of this act may, at any time, waive his right thereto by filing a written notice of waiver with the Division of Pensions.  The application for the waiver of all or part of the increase shall be made by the retirant or beneficiary at least 30 days prior to  the desired effective date on a form satisfactory to the Division of Pensions  and shall be effective on the first day of the following month. Such waiver  may be withdrawn at any time and upon such withdrawal the increase in the  retirement allowance, survivorship benefit or pension shall commence with the  payment for the next following month.

     L.1958, c. 143, p. 650, s. 6.  Amended by L.1969, c. 169, s. 5;  L.1971, c. 139, s. 7, eff. May 12, 1971.