™Your Policy Risk Impact Agent
47 chapters · 1,084 sections in this title.
Ala. Code § 36-27C-1 Legislative Intent
0.6K chars
It is the intent of the Legislature to make available to participants a defined contribution plan as described in Section 401 of the Internal Revenue Code, so as to enable the participants to conveniently and economically receive the fullest benefits offered by federal tax law as…
Ala. Code § 36-27C-2 Definitions
1.1K chars
As used in this chapter, the following terms have the following meanings: (1) BOARD. The Board of Control of the Public Employees Defined Contribution Savings Fund. (2) ELIGIBLE EMPLOYER. An employer or other entity who compensates a participant for the public service. (3) FUND. …
Ala. Code § 36-27C-3 Fund; Creation; Board of Control
0.2K chars
The Public Employees’ Defined Contribution Savings Fund is created. The fund shall be administered by a board of control of seven individuals appointed by the Alabama State Employees’ Association. (Act 2001-704, p. 1562, §1.)
Ala. Code § 36-27C-4 Operation of Board
0.6K chars
(a) At its first meeting, the board shall elect one of its members as chair. (b) The board may adopt regulations necessary to implement this chapter. Regulations adopted are exempt from the Alabama Administrative Procedure Act. (c) The board may contract with one or more entities…