§ 203-131. IRC Tax-Qualification.

Latest version.

The retirement system (other than the provisions of Section 203-125) is intended to constitute a qualified defined benefit plan under Sections 401(a) and 414(d) of the IRC or such other provision of the IRC as applicable and applicable Treasury regulations and other guidance. The board shall administer and construe the terms of the retirement system accordingly.

(Ordained by Ord. No. 264-2000, eff. June 28, 2000; Emer. Ord. No. 291-2009, § 10, eff. Oct. 28, 2009)

                    
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