Code of Massachusetts Regulations
960 CMR - OFFICE OF THE STATE TREASURER AND RECEIVER GENERAL
Title 960 CMR 3.00 - Deferred Compensation
Section 3.07 - Fund Transfers

Universal Citation: 960 MA Code of Regs 960.3

Current through Register 1531, September 27, 2024

(1) Any deferred compensation programadopted hereunder shall provide for transfers of employee funds to and from other such plans upon separation of an employee's service and employment with another employer having a deferred compensation program hereunder.

(2) Any transfers as described in 960 CMR 3.07(1) may be invested in any investment option available under another such plan, at the direction of the employee.

(3) To the extent permitted by the terms of any contract between the treasurer and any funding provider in the deferred compensation program, participants may elect to transfer funds from one investment option to another within a given plan.

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