Arkansas Statutes
§ 24-7-210 — Federal taxation
Arkansas·Title 24
(a)The Executive Director of the Arkansas Teacher Retirement System is authorized and directed to operate the Arkansas Teacher Retirement System and interpret any provisions of § 24-7-101 et seq. consistent with the requirements under the Internal Revenue Code and applicable United States Department of the Treasury regulations necessary to permit the system to be operated as a "qualified trust" under Internal Revenue Code, 26 U.S.C. § 401(a) .
(b)Notwithstanding any language to the contrary set forth in this chapter, the Board of Trustees of the Arkansas Teacher Retirement System shall have the authority to promulgate rules consistent with these directions.
(c)Any rule promulgated under this section that is found to be in conflict with an applicable provision of the code is null and voi
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Related
§ 401
26 U.S.C. § 401
Legislative History
Amended by Act 2019, No. 315,§ 2885, eff. 7/24/2019. Acts 2001, No. 155, § 2; 2005, No. 71, § 2.
Nearby Sections
15
§ 24-1-101
Assets and income for retirement systems§ 24-1-102
Annual valuation§ 24-1-103
Change of contribution rate§ 24-1-105
Liabilities exceeding thirty-year amortization period - Legislated benefit enhancement prohibited§ 24-1-106
Benefit enhancements§ 24-1-201
Declaration of policy§ 24-1-202
Definitions§ 24-1-203
Rules§ 24-1-206
Agents§ 24-1-207
Contributions - State employees