{"data":{"id":"us-nj/n.j.-stat.-17-9a-27.5","jurisdiction":"us-nj","citation":"N.J. Stat. § 17:9A-27.5","heading":"Provisions of plans","body":"In addition to the objects stated in paragraph (f) of section 3 of this act,  and in addition to those provisions which are elsewhere in this act required or  permitted to be included in a plan, and without limitation as to the nature and  scope of the provisions which a plan may contain, a plan may make provision for  1 or more of the following, to the extent that they are consistent one with the  other:\n(1) rights, privileges, options and benefits, to accrue or to be exercised by the employee, or by a beneficiary or beneficiaries designated by the employee, when employment terminates otherwise than by retirement, including provision for the payment of a death benefit if death occurs before retirement;\n(2) the designation by the employee of a person as a joint annuitant, or as  a joint and survivor annuitant;\n(3) the designation by the employee of a person or persons as beneficiaries  to receive payment of a sum or sums, or to exercise an option or options, after  the happening, before or after retirement, of a contingency or contingencies  specified in the retirement plan, including the death of the employee within a  specified period after retirement begins, or the death of the employee after  retirement begins but before the receipt by him of a stated or ascertainable  sum in retirement benefits;\n(4) the continued employment or re-employment by the bank of employees or former employees who are receiving retirement benefits under a plan maintained by the bank;\n(5) any further provisions which the bank may choose to make, and which are  not prohibited by law.\nL.1953, c. 124, p. 1313, s. 5.  Amended by L.1962, c. 234, s. 2.","path":["TITLE 17 CORPORATIONS AND INSTITUTIONS FOR FINANCE \t\t\tAND INSURANCE"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"0786c5dfd00968e6f7b248e3d83a5cc0cbc0c66b2d3805f326b429ff82e226d4","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-17-9a-27.4","next":"us-nj/n.j.-stat.-17-9a-27.6"},"notice":"GroundRules: Original legal text. Not legal advice."}