Statutes, codes, and regulations
Washington Administrative Code
Title 415 - Retirement Systems, Department ofChapter 415-02 - General provisions
TAXES AND FEES
Section 415-02-756 - How does the department comply with Internal Revenue Code exclusive benefit rules?

Wash. Admin. Code § 415-02-756

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Current through Register Vol. 24-12, June 15, 2024
Section 415-02-756 - How does the department comply with Internal Revenue Code exclusive benefit rules?

No assets of the retirement system may be used for or diverted to a purpose other than the exclusive benefit of the members and their beneficiaries at any time prior to the satisfaction of all liabilities with respect to members and their beneficiaries.

Wash. Admin. Code § 415-02-756

Statutory Authority: RCW 41.50.050(5). 10-24-099, § 415-02-756, filed 12/1/10, effective 1/1/11.