2005 Idaho 59-1306 — CONFORMITY WITH FEDERAL TAX CODE TO MAINTAIN QUALIFIED PLAN TAX STATUS

                                  TITLE  59
                          PUBLIC OFFICERS IN GENERAL
                                  CHAPTER 13
                      PUBLIC EMPLOYEES RETIREMENT SYSTEM
    59-1306.  CONFORMITY WITH FEDERAL TAX CODE TO MAINTAIN QUALIFIED PLAN TAX
STATUS. Chapter 13, title 59, and chapter 14, title 72, Idaho Code, shall be
administered in a manner so as to comply with the requirements of 26 U.S.C.
section 401(a)(8), (9), (16), (25) and (31). The public employees retirement
system board shall promulgate rules and amend or repeal conflicting rules in
order to assure compliance with the requirements of this section. This chapter
shall be in full force and effect on and after January 1, 1989, and thereafter
only so long as conformity to section 401(a) of the internal revenue code, 26
U.S.C., section 401(a) is required for public retirement systems.  If not
required, this provision will cease to have any force or effect.