Public Service Electric & Gas Co Emp Post Ret Health Benefits Trust

TO PROVIDE A VEHICLE THROUGH WHICH THE COMPANY MAY CONTRIBUTE FUNDS TO THE VEBA TRUST. THE FUNDS ARE USED FOR THE PAYMENT OF CERTAIN DEATH BENEFITS OR FOR THE PAYMENT OF CERTAIN RETIREE HEALTH BENEFITS. IF A RETIREE DIES BEFORE HIS ENTIRE ACCOUNT HAS BEEN DEPLETED, THE BALANCE IS PAID OR CAN BE USED BY HIS BENEFICIARIES.