Statutes, codes, and regulations
Code of Massachusetts Regulations
Department 840 CMR - PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION
Title 840 CMR 3.00 - Internal Revenue Code Compliance Provisions
Section 3.03 - Internal Revenue Code Section 401(a)(8)

840 CMR, § 3.03

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Current through Register 1536, December 6, 2024
Section 3.03 - Internal Revenue Code Section 401(a)(8)

Effective as of September 1, 1974, and to confirm existing procedures, any retirement system subject to M.G.L. c. 32 will not use forfeitures that arise for any reason, including from termination of employment or death, to increase the benefits of any member.

840 CMR, § 3.03

Amended by Mass Register Issue 1497, eff. 6/9/2023.