20. Upon the death of a retirant, any unpaid pension benefits due him shall be paid in one lump sum to such person, if living, as he shall have nominated by written designation duly executed and filed with the board of trustees, otherwise to the executor or administrator of the retirant's estate. No pension, annuity, or retirement allowance shall be due to a retirant or a beneficiary unless it constitutes a payment for an entire month; provided, however, that a pension, annuity or retirement allowance shall be payable for the entire month in which the retirant or beneficiary dies.
N.J. Stat. Ann. § 53:5A-20
Payment of unpaid pension benefits
Known as the State Police Retirement System Act
The act spans §§ 53:5A-1 to 53:5A-9 (72 sections).
L.1965,c.89,s.20; amended 1966,c.153,s.11; 1993,c.335,s.6.
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.