Section 9. In addition to the waiver provisions authorized by section eight, the board, upon the advice and recommendation of the advisory committee, created by section seventeen, may grant a waiver of the requirements of section thirteen under terms and conditions set by the board upon a showing that a pension plan or profit-sharing retirement plan would suffer undue economic hardship that would be detrimental to the interests of its participants. No waiver herein provided shall extend longer than thirty-six months after it has been granted. Upon expiration of said waiver, a proposal for the gradual incorporation of the requirements of section thirteen shall be submitted for the approval of the board. In no instance shall such a proposal for gradual incorporation require more than ten years.
Any request for waiver shall be in writing in a form prescribed by the board. The advisory committee shall receive copies of all waiver requests. Any waiver issued by the board shall be in writing with a notice of its date of issuance. Rules and regulations issued by the board, pursuant to this section, shall be promulgated in accordance with the provisions of chapter thirty A.
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