Section 22 Non-Profit Retirement Plans 2

Said section 64E of said chapter 29, as so appearing, is hereby further amended by adding the following subsection:-
         
          (g) Notwithstanding any general or special law to the contrary, the treasurer, or their designee, may seek to reduce operating expenses for the plan through private donations or grants, which may include direct and indirect fundraising.

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.