IC 5-10-1.1-0.3: 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.