Legalization of Actions of School Corporations to Establish Certain Employee Savings Plans

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. Public Employee Benefits
  5. Public Employees Deferred Compensation Plans
  6. Legalization of Actions of School Corporations to Establish Certain Employee Savings Plans

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Sec. 0.3. The actions taken by a school corporation before January 1, 1988, to:

(1) establish an employee savings plan that is a defined contribution plan qualified under Section 401(a) of the Internal Revenue Code; and

(2) contribute amounts to the employee savings plan on behalf of the employee, with those amounts to be credited and allocated to the employee;

are legalized.

As added by P.L.220-2011, SEC.63.


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