840 CMR: PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION
840 CMR 2.00: RETIREMENT BOARD TRAVEL
2.01 General Provisions
(1) 840 CMR 2.00 is the standard rule for travel and travel related expenditures by Retirement Board Members and Retirement Board staff members. The Public Employee Retirement Administration Commission recognizes that Retirement Board Members and the Retirement Board staff must perform their fiduciary duties in an efficient, effective and informed manner. All travel related expenses that are to be paid for by the Board shall be related to the purpose of the authorized travel and shall be cost-effective.
(2) The Commission recognizes the importance of continuing education; the need for informed decision making by Retirement Board Members; and the need for a broader public pension perspective, gained through association with other Retirement Boards and administrators, both within the Commonwealth of Massachusetts and throughout the nation.
(3) Except as otherwise provided by the Commission or by supplementary rules of a particular Retirement Board approved by the Commission pursuant to 840 CMR 14.02 all travel by Retirement Board Members and Board staff shall comply with 840 CMR 2.00.
(4) Any Retirement Board supplementary regulation approved by the Commission prior to June 6, 2003 shall be deemed to be consistent with 840 CMR 2.00. Retirement Boards may adopt supplementary regulations to supplement and expand upon the regulations contained in 840 CMR 2.00. Any such Board regulations are to be submitted to the Commission for review and approval as required by the provisions of G.L. c. 7, § 50 and c. 32, § 21(4).