Indiana Code 5-10-1.1-0.3. 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:
(2) contribute amounts to the employee savings plan on behalf of the employee, with those amounts to be credited and allocated to the employee;
(1) establish an employee savings plan that is a defined contribution plan qualified under Section 401(a) of the Internal Revenue Code; and
Terms Used In Indiana Code 5-10-1.1-0.3
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- employee: means any person, including a person elected, appointed or under contract, receiving compensation from the state or any political subdivision as described in section 1 of this chapter. See Indiana Code 5-10-1.1-2
are legalized.
As added by P.L.220-2011, SEC.63.