Sec. 855.607. PLAN QUALIFICATION. It is intended that the provisions of this subtitle be construed and administered in a manner that the retirement system's benefit plan will be considered a qualified plan 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 modify the plan to the extent the board considers necessary for the retirement system to be considered a qualified plan. Rules adopted by the board of trustees relating to plan qualification issues are considered a part of the plan.
Added by Acts 1997, 75th Leg., ch. 76, Sec. 14, eff. Sept. 1, 1997.
Section: Previous 855.405 855.406 855.4065 855.407 855.408 855.410 855.501 855.502 855.601 855.602 855.603 855.604 855.605 855.606 855.607Last modified: September 28, 2016