PERAC Approval Date |
Regulation Number |
Supplemental Investment Regulation |
December 11, 2007 |
17.03 |
Notwithstanding the provisions of the Public Employee Retirement Administration Commission regulations, the New Bedford Retirement Board may invest funds of the Retirement System (the “System”) in the fund known as the INVESCO U.S. Venture Partnership Fund IV, LP (the “Fund”), and effective as of the date of the initial investment by the System of any of its assets in the Fund, while the assets of the System are so invested, the activities and investments of the Fund, and the underlying funds in which the Fund may invest, directly or indirectly, shall be deemed to satisfy the prohibited transaction rules set forth in 840 CMR 16.00 et seq. and 840 CMR 17.03 to the extent such activities satisfy the prohibited transaction rules set forth in Section 406 of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), taking into account statutory exemptions under ERISA, and Prohibited Transaction Class Exemption 84-14, as amended, and other available class exemptions. |
December 11, 2007 |
17.03 |
Notwithstanding the provisions of the Public Employee Retirement Administration Commission regulations, the New Bedford Retirement Board may invest funds of the Retirement System (the “System”) in the fund known as the INVESCO U.S. LBO & Corporate Finance Partnership Fund IV, LP (the “Fund”), and effective as of the date of the initial investment by the System of any of its assets in the Fund, while the assets of the System are so invested, the activities and investments of the Fund, and the underlying funds in which the Fund may invest, directly or indirectly, shall be deemed to satisfy the prohibited transaction rules set forth in 840 CMR 16.00 et seq. and 840 CMR 17.03 to the extent such activities satisfy the prohibited transaction rules set forth in Section 406 of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), taking into account statutory exemptions under ERISA, and Prohibited Transaction Class Exemption 84-14, as amended, and other available class exemptions. |
December 11, 2007 |
17.03 |
Notwithstanding the provisions of the Public Employee Retirement Administration Commission regulations, the New Bedford Retirement Board may invest funds of the Retirement System (the “System”) in the fund known as the INVESCO International Partnership Fund IV, LP (the “Fund”), and effective as of the date of the initial investment by the System of any of its assets in the Fund, while the assets of the System are so invested, the activities and investments of the Fund, directly or indirectly, shall be deemed to satisfy the prohibited transaction rules set forth in 840 CMR 16.00 et seq. and 840 CMR 17.03 to the extent such activities satisfy the prohibited transaction rules set forth in Section 406 of the U.S. Employee Retirement Income Security Act of 1974, as amended (“ERISA”), taking into account statutory exemptions under ERISA, and Prohibited Transaction Class Exemption 84-14, as amended, and other available class exemptions. |
July 18, 2007 |
17.04 |
Notwithstanding the provisions of Public Employee Retirement Administration Commission regulations, the New Bedford Contributory Retirement System (the “System”) may invest its assets in the fund known as the Wellington Trust Company, National Association Multiple Collective Investment Funds Trust (“the Fund”), and while the funds of the System are so invested, the assets of the System so invested shall be deemed to meet the provisions of the rules set forth in 840 CMR 17.00 et seq.; provided, however, that Wellington Trust Company, National Association (“Wellington Trust”) shall comply with 840 CMR 17.04(7) and (8) and that at all times, Wellington Trust remains a qualified investment manager as defined in 840 CMR 16.01 and that said investment is contingent on Wellington Trust’s and the Fund’s continuing compliance with the Employee Retirement Income Security Act of 1974, as amended (“ERISA”), and the regulations promulgated thereunder. |
July 25, 2006 |
19.01(06) |
Notwithstanding the provisions of Public Employee Retirement Administration Commission Regulations, the New Bedford Retirement Board may invest funds of the New Bedford Retirement Board (the “Board”) with the real estate investment fund known as Realty Associates Fund VIII Corporation (the “Fund”), and while the assets of the System are so invested,
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