New York Codes, Rules and Regulations
Title 9 - EXECUTIVE DEPARTMENT
Subtitle II - Deferred Compensation Board
Part 9003 - Selection Of And Agreements With Trustees, Independent Consultants, Administrative Service Agencies, Financial Organizations And Certified Public Accountants
Section 9003.7 - Precluded investments
Universal Citation: 9 NY Comp Codes Rules and Regs ยง 9003.7
Current through Register Vol. 46, No. 39, September 25, 2024
No contract or agreement entered into with a financial organization may provide for the investment of any amounts under the plan in any annuity contract providing for a term which could exceed five years or which is measured by one or more natural lives or any life insurance or other contract providing traditional death benefits.
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