2 AAC 35.136 - Defined contribution plan compliance with the Internal Revenue Code
For purposes of compliance with the Internal Revenue Code, the defined contribution plan (AS 39.35.700-39.35.990) will be treated as an Internal Revenue Code sec. 414(k) ( 26 U.S.C. 414(k) ) plan in which savings are accumulated in an individual retirement account for the exclusive benefit of the member or beneficiaries, certain fixed occupational death and disability benefits are paid, and certain fixed retirement and survivor benefits for peace officers and fire fighters are paid.
Notes
Authority:AS 39.35.003
AS 39.35.710
AS 39.35.890
AS 39.35.892
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