840 CMR, § 27.01
Current through Register 1536, December 6, 2024
The Commission, upon reasonable belief that the investment or recordkeeping practices of any retirement board are not being conducted with reasonable care, skill, prudence or diligence, may order such retirement board to take or cease from taking any action that in his/her judgment is necessary to protect the integrity of the retirement system. Any such order issued by the Commission shall remain in effect until such time as an investigation, hearing and finding of fact can be made pursuant to the provisions of 840 CMR 27.00 and M.G.L. c. 32, § 23(4). Violation of such orders shall be punishable as provided in M.G.L. c. 32, § 24.
840 CMR, § 27.01