97B.49I - QUALIFIED BENEFITS ARRANGEMENT.

 97B.49I  QUALIFIED BENEFITS ARRANGEMENT.
 The system, by rule, may establish and maintain a qualified
 benefits arrangement under section 415(m) of the federal Internal
 Revenue Code.  The amount of any annual benefit that would be payable
 pursuant to this chapter but for the limitation imposed by section
 415 of the federal Internal Revenue Code shall be paid from a
 qualified benefits arrangement established and maintained pursuant to
 this section.  

         Section History: Recent Form

 98 Acts, ch 1183, §44; 2001 Acts, ch 68, §21, 24; 2003 Acts, ch
 145, §286