Ala. Code § 12-17-227.16

Current through the 2024 Regular Session.

Section 12-17-227.16 - [See Note] Compliance with qualification standards

The Board of Control is authorized to implement any new accounting procedures, funds, or administrative changes and to provide for the payment of benefits to members or beneficiaries of the plan as may be necessary to ensure the plan's compliance with the qualification standards required of public pension plans by the Internal Revenue Code of the United States.

Ala. Code § 12-17-227.16 (1975)

Added by Act 2015-498,§ 35, eff. 11/8/2016 if the constitutional amendment proposed by Senate Bill 421 of the 2015 Regular Session is passed by the legislature and ratified .