610 CMR, § 11.18

Current through Register 1538, January 3, 2025

Section 11.18 - Exemption from Taxation

The funds accumulated under the Optional Retirement Program shall be exempt from taxation, including income taxes levied under the provisions of M.G.L. c. 62, including:

(1) The rights of a participant to a custodial account, an annuity, the annuity contracts or certificates providing coverage to participants.

(2) The rights in and to the funds accumulated under the custodial accounts, annuity contracts, or certificates.

610 CMR, § 11.18