Legalization of actions of school corporations to establish

certain employee savings plans Sec. 0.3. The actions taken by a school corporation before January 1, 1988, to: (1) establish an employee savings plan that is a defined contribution plan qualified under Section 401(a) of the Internal Revenue Code; and (2) contribute amounts to the employee savings plan on behalf of the employee, with those amounts to be credited and allocated to the employee; are legalized. As added by P.L.220-2011, SEC.63.