840 CMR, § 3.02
Current through Register 1536, December 6, 2024
Effective as of September 1, 1974, the assets of any retirement system subject to M.G.L. c. 32 are held in trust and may not be used for or diverted to any purpose other than for the exclusive benefit of the members and their beneficiaries and for paying the retirement system's reasonable administrative expenses.
840 CMR, § 3.02