§ 186. Public pension fund group life insurance. The trustee or trustees of a fund are authorized to take such steps as are necessary to afford any ordinary death benefit provided by such fund in the form of group life insurance upon a determination that to do so would guarantee a more favorable tax treatment of the benefit to beneficiaries of members on whose behalf such benefit is payable.
§ 186. Public pension fund group life insurance. The trustee or trustees of a fund are authorized to take such steps as are necessary to afford any ordinary death benefit provided by such fund in the form of group life insurance upon a determination that to do so would guarantee a more favorable tax treatment of the benefit to beneficiaries of members on whose behalf such benefit is payable.
§ 186. Public pension fund group life insurance. The trustee or trustees of a fund are authorized to take such steps as are necessary to afford any ordinary death benefit provided by such fund in the form of group life insurance upon a determination that to do so would guarantee a more favorable tax treatment of the benefit to beneficiaries of members on whose behalf such benefit is payable.
