Section 21

Section 21 Non-Profit Retirement Plans 1

Section 64E of said chapter 29, as so appearing, is hereby amended by striking out, in line 5, the figure "20" and inserting in place thereof the following figure:- 100.

Summary

This section, together with a related section, expands access to the publicly-managed retirement savings program for small non-profits sponsored by the Treasurer to non-profits employing up to 100 employees and permits the Treasurer to use private donations and fundraised funds to defray the expenses of the CORE Plan.