Section 8. Where a trust or fund, or its trustees or plan administrator are subject to and comply with the requirements of the law of any other state or the United States, which substantially meets the requirements of this chapter with respect to the registration, filing, examination, statements or reports, the requirements of this chapter of any of them to the extent that they are included in such other laws may be waived by the board with respect to any such trust or fund or trustee or plan administrators.
Where such a waiver has been granted, the board shall require the filing with it of copies of documents filed by the trustees with such other state or with the United States. Application for such a waiver shall be made in writing to the board on such forms as it may require and any waiver issued by it hereunder shall be in writing and a copy thereof shall be filed in its office. The board may, at any time, revoke any such waiver if, in its opinion, such other laws fail to accomplish adequately the purposes of this chapter. Any action of the board pursuant to this section shall be subject to judicial review.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XXI - Labor and Industries
Chapter 151d - Health, Welfare and Retirement Funds
Section 3a - Periodic Review of Registered Pension Plans; Exceptions; Report
Section 4 - Reimbursement for Visual Services
Section 5 - Fees; Registration of Trust or Fund; Filing Annual Reports
Section 6 - Embezzlement or Misappropriation of Trust Funds; Fraud; Penalties
Section 7 - Application of Chapter; Exceptions
Section 9 - Waiver of Requirement for Statutory Vested Benefits; Procedures
Section 10 - Compliance With Other Applicable Laws by Trustees or Plan Administrators
Section 11 - Additional Penalties for Failure to Pay Contributions or Benefits; Venue for Complaints
Section 13 - Statutory Vested Benefits; Requirement; Standards
Section 15 - Violations by Trustee or Plan Administrator; Injunctive Relief