840 CMR 3.00: INTERNAL REVENUE CODE COMPLIANCE PROVISIONS

3.06: Internal Revenue Code Section 401(a)(25)

Effective as of January 1, 1985, any retirement system subject to Chapter 32 will determine the amount of any benefit that is determined on the basis of actuarial assumptions using assumptions adopted by the Commission; such benefits will not be subject to employer discretion.

Return to PERAC Home Page | Regulations