Code of Massachusetts Regulations
610 CMR - BOARD OF HIGHER EDUCATION
Title 610 CMR 11.00 - Optional Retirement Program
Section 11.18 - Exemption from Taxation
Universal Citation: 610 MA Code of Regs 610.11
Current through Register 1531, September 27, 2024
The funds accumulated under the Optional Retirement Program shall be exempt from taxation, including income taxes levied under the provisions of M.G.L. c. 62, including:
(1) The rights of a participant to a custodial account, an annuity, the annuity contracts or certificates providing coverage to participants.
(2) The rights in and to the funds accumulated under the custodial accounts, annuity contracts, or certificates.
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