compensation
1 item tagged with this topic.
840 CMR 8.00, which governed the applicability of the $30,000 salary cap on regular compensation for pension contribution and benefit calculation purposes, was repealed effective March 29, 2024. The salary cap provisions it covered have since been superseded by the broader compensation limits established under M.G.L. c. 32, § 1 and the IRC § 401(a)(17) limitations addressed in 840 CMR 3.00. Boards should no longer rely on this regulation and should consult current law and PERAC guidance on compensation limits.