840 CMR, § 3.11 - Internal Revenue Code Section 411(e)
Effective as of September 1, 1974, in addition to any protection provided by this ordinance and Massachusetts law:
(1) A member will be 100% vested in all Plan
benefits upon attainment of the Plan's age and service requirements for the
Plan's normal retirement benefit; and
(2) A member will be 100% vested in all Plan
benefits, to the extent funded, if the Plan is terminated or experiences a
complete discontinuance of employer contributions.
Notes
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