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.
Structure Texas Statutes
Title 8 - Public Retirement Systems
Subtitle G - Texas Municipal Retirement System
Subchapter G. Miscellaneous Administrative Procedures
Section 855.601. Statement of Amount in Account
Section 855.602. Interest in Assets
Section 855.603. Forfeiture of Contributions
Section 855.605. Participation of Members of Fire Department
Section 855.606. Appeal of Administrative Decision