N.J.S.A. 43:16A-55 — Purchase of group insurance coverage for death benefits.

43:16A-55 Purchase of group insurance coverage for death benefits. 22. The board of trustees may, in its discretion, determine to purchase group insurance coverage for the death benefit provisions as provided in sections 5 and 6, subsection (3) of section 7, section 9, and subsection (5) of section 10 of P.L.1944, c.255 (C.43:16A-5 through C.43:16A-7, C.43:16A-9, and C.43:16A-10) and sections 16 and 17 of P.L.1964, c.241 (C.43:16A-11.1 and C.43:16A-11.2), or may determine not to purchase any group insurance coverage for the death benefit provisions heretofore mentioned. L.1964, c.241, s.22; amended 1967, c.250, s.19; 2018, c.55, s.29.

This is the verbatim text of N.J.S.A. 43:16A-55, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.