Source: http://www.mainelegislature.org/legis/statutes/5/title5sec17603.html
Timestamp: 2017-12-18 14:58:22
Document Index: 104687534

Matched Legal Cases: ['§17603', '§17603', '§17603', '§17602', '§17651', '§17603', '§14', '§14', '§14']

Title 5, §17603: Internal Revenue Code qualified plan compliance
§17603 PDF
§17603 MS-Word
§17602
§17651
§17603. Internal Revenue Code qualified plan compliance
The State Employee and Teacher Retirement Program established in this chapter is subject to the following requirements. [2009, c. 474, §14 (NEW).]
[ 2009, c. 474, §14 (NEW) .]
7. Additional requirements. In compliance with the Code, Section 415, the member contributions paid to and retirement benefits paid from the State Employee and Teacher Retirement Program must be limited to the extent necessary to conform to the requirements of the Code, Section 415 for a qualified pension plan.
9. Rules. The board shall adopt rules necessary to maintain the qualified pension plan tax status of the State Employee and Teacher Retirement Program under the Internal Revenue Code as required for governmental defined benefit plans defined in the Code, Section 414(d). Rules adopted under this subsection are routine technical rules as defined in chapter 375, subchapter 2-A.
2009, c. 474, §14 (NEW).