New Jersey § 43:16a-12

§ 43:16a-12.

The designation of beneficiary by a member or retirant shall be made in writing on

a form satisfactory to the retirement system, and filed with the retirement system. The member or retirant may, from time to time and without the consent of his death

benefit designee, change the beneficiary by filing written notice of the change with

the system on a form satisfactory to it. The new nomination will be effective on the date the notice, in proper form, is

received by the system, and any prior nomination shall thereupon become void. If more than one beneficiary is nominated and in such nomination the member or retirant

has failed to specify their respective interests, the beneficiaries shall share equally. If any beneficiary predeceases the member or retirant, the interest of such beneficiary

shall terminate and shall be shared equally by such of the beneficiaries as survive

the member or retirant, unless the member or retirant has made written request to

the contrary in his beneficiary nomination. Any amounts due for which there is no beneficiary at the death of a member, retirant

or beneficiary shall be payable to the estate of such member, retirant or beneficiary. Except with regard to the payment of the member's accumulated deductions and the payment,

upon the death of a retirant after attaining the age of 55 years, of the death benefits

provided in sections 5, 6, 7(3), 9 and 10(5) of chapter 255 of the laws of 1944 1 and sections 16 and 17 of chapter 241 of the laws of 1964, 2 a member may elect, by making written request to the retirement system, that the

whole or any part of his death benefits be made payable to his beneficiary either

as a life annuity or in equal installments over a period of years specified in such

election, and may alter such election from time to time during his lifetime by again

making such written request. In the event of a change of beneficiary, any previous arrangement by the member

or retirant under this paragraph shall be void. The election set forth in this paragraph shall not apply or be available when the

beneficiary is an estate, or a corporation, partnership, association, institution,

trustee, or any fiduciary. If, at the member's or retirant's death, an amount of death benefit would be payable

to the beneficiary in a single sum, any election with regard to such amount which

was available to the member or retirant immediately prior to his death in accordance

with the provisions of the immediately preceding paragraph shall then be available

to such beneficiary for the benefit of such beneficiary. The provisions of this section shall be construed separately with respect to each

of the death benefits for which a beneficiary is designated by the member or retirant. 1

N.J.S.A. §§ 43:16A-5, 43:16A-6, 43:16A-7, 43:16A-9 and 43:16A-10. 2

N.J.S.A. §§ 43:16A-11.1, 43:16A-11.2.