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.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle F - Texas County and District Retirement System
Subchapter F. Miscellaneous Administrative Procedures
Section 845.501. Statement of Amount in Account
Section 845.502. Interest in Assets
Section 845.503. Authority to Recoup or Make Adjustments for Payments Made in Error
Section 845.504. Excess Benefit Program
Section 845.505. Undistributed Benefits