Legislation
SECTION 186
Public pension fund group life insurance
Retirement & Social Security (RSS) CHAPTER 51-A, ARTICLE 4-B
§ 186. Public pension fund group life insurance. The trustee or
trustees of a fund are authorized to take such steps as are necessary to
afford any ordinary death benefit provided by such fund in the form of
group life insurance upon a determination that to do so would guarantee
a more favorable tax treatment of the benefit to beneficiaries of
members on whose behalf such benefit is payable.
trustees of a fund are authorized to take such steps as are necessary to
afford any ordinary death benefit provided by such fund in the form of
group life insurance upon a determination that to do so would guarantee
a more favorable tax treatment of the benefit to beneficiaries of
members on whose behalf such benefit is payable.