Section 7.03. Other plans.

 

(1)  A savings bank may enter into a pension plan or otherwise provide retirement benefits, for active full-time directors, officers or employees. Full-time officers and employees of a savings bank's subsidiary, service corporation or affiliate may be included under a savings bank's pension plan or other retirement benefit plan if the subsidiary, service corporation or affiliate pays its pro rata share of costs incurred.

(2)  Full-time officers and employees of a savings bank's subsidiaries, service corporation or affiliate may be included under a savings bank's pension plan or deferred compensation agreement if the subsidiary, service corporation or affiliate pays its pro rata share of costs incurred.

History: Cr. Register, February, 1994, No. 458 , eff. 3-1-94.

Note

This section interprets or implements s. 214.345 , Stats. Microsoft Windows NT 6.1.7601 Service Pack 1