§ 60.1. Tax Qualified Plan.

Latest version.

The provisions of this Act and the Fund are intended to meet the requirements of a qualified plan under Section 401(a) of the Code and to be tax-exempt under Section 501(a) of the Code. Should any changes be required to comply or to continue to comply with the provisions of Sections 401(a) and 501(a) of the Code, the Board and the City shall take all appropriate steps to make any such required changes to the Fund.

(Ord. No. 2018-4199, § 13(60), 6-6-18)

Editor's note

Sec. 13 of Ord. No. 2018-4199, adopted June 6, 2018, enacted new provisions to be designated as § 60. Inasmuch as there already exists a § 60, said new provisions have been redesignated as § 60.1.

                    
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