Competing Funds Provision. We have approved provisions, which limit deposits and/or transfers to competing fixed income funds offered by the plan to plan participants. This provision is designed to ensure that all scheduled deposits are made to the contract and to prevent transfers to other fixed income or stable value funds when interest rates increase.
Appears in 6 contracts
Samples: www.dfs.ny.gov, www.dfs.ny.gov, www.dfs.ny.gov
