Code of Massachusetts Regulations
840 CMR - PUBLIC EMPLOYEE RETIREMENT ADMINISTRATION COMMISSION
Title 840 CMR 27.00 - Standard Rules For Orders To Protect The System
Section 27.01 - Temporary Orders
Universal Citation: 840 MA Code of Regs 840.27
Current through Register 1531, September 27, 2024
The Commission, upon reasonable belief that the investment or recordkeeping practices of any retirement board are not being conducted with reasonable care, skill, prudence or diligence, may order such retirement board to take or cease from taking any action that in his/her judgment is necessary to protect the integrity of the retirement system. Any such order issued by the Commission shall remain in effect until such time as an investigation, hearing and finding of fact can be made pursuant to the provisions of 840 CMR 27.00 and M.G.L. c. 32, § 23(4). Violation of such orders shall be punishable as provided in M.G.L. c. 32, § 24.
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