Beneficiary interest prohibition: beneficiaries only receive an annuity; employers cannot access or charge fund assets. Beneficiaries have no interest in insurance policies taken by trustees and are entitled only to an annuity from the fund; employers cannot receive fund ... Summary
Beneficiary interest prohibition: beneficiaries only receive an annuity; employers cannot access or charge fund assets.
Beneficiaries have no interest in insurance policies taken by trustees and are entitled only to an annuity from the fund; employers cannot receive fund money or hold any lien, charge, or security interest over fund assets.
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