38-810.01. Internal revenue code qualification
The legislature intends that the plan is a qualified pension plan under section 401 of the internal revenue code, as amended, or successor provisions of law, and that the trust is exempt from taxation under section 501 of the internal revenue code, as amended. The assets of the fund are held in trust for the exclusive benefit of the members and beneficiaries of the plan. The board may adopt such additional provisions to the plan as are necessary to fulfill this intent.
Section: Previous 38-804.01 38-805 38-806 38-807 38-808 38-809 38-810 38-810.01 38-810.02 38-810.03 38-810.04 38-811 38-812 38-813 38-814 NextLast modified: October 13, 2016