Section DFI-SB 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.Wis. Admin. Code Department of Financial Institutions DFI-SB 7.03
CR Register, February, 1994, No. 458, eff. 3-1-94.This section interprets or implements s. 214.345, Stats.