Sec. 845.507. QUALIFICATION. It is intended that this subtitle be construed and administered in a manner that the retirement system will be considered qualified under Section 401(a) of the Internal Revenue Code of 1986 (26 U.S.C. Section 401). The board of trustees may adopt rules that it determines necessary for the retirement system to be considered qualified. Rules adopted by the board of trustees relating to qualification issues are considered a part of the plan.
Added by Acts 1997, 75th Leg., ch. 309, Sec. 32, eff. Dec. 1, 1997.
Section: Previous 845.318 845.402 845.403 845.4031 845.404 845.405 845.406 845.407 845.408 845.501 845.502 845.503 845.504 845.505 845.506Last modified: September 28, 2016