2010 Pennsylvania Code
Title 20 - DECEDENTS, ESTATES AND FIDUCIARIES
Chapter 87 - Employee Benefits
8701 - Existing trusts may continue for term necessary to accomplish purpose.

                                CHAPTER 87
                            EMPLOYEE BENEFITS

     Sec.
     8701.  Existing trusts may continue for term necessary to
            accomplish purpose.
     8702.  Combining trusts.
     8703.  Transfer of assets to corporate trustee; investments;
            common trust funds.
     8704.  Payments upon employee's death; third party claims.

        Enactment.  Chapter 87 was added June 30, 1972, P.L.508,
     No.164, effective July 1, 1972.
     § 8701.  Existing trusts may continue for term necessary to
                accomplish purpose.
        Any trust created prior to January 1, 1948, primarily for the
     benefit of employees, their families or appointees, under any
     stock, bonus, pension, disability, death benefit, profit sharing
     or other employee-benefit plan, to which contributions are made
     by the employer or employees or both for the purpose of
     distributing to or for the benefit of the employees, their
     families, or appointees, the earnings or the principal, or both
     earnings and principal of the fund held in trust, may continue
     in perpetuity, or for such time as may be necessary to
     accomplish the purpose for which it was created, and shall not
     be invalid as violating any statute or rule of law against
     perpetuities, or against accumulations or concerning the
     suspension of the power of alienation of the title to property.