La. Admin. Code tit. 32 § VII-1303
Current through Register Vol. 50, No. 9, September 20, 2024
Section VII-1303 - Amendments to the PlanA. The commission may also amend the provisions of this plan at any time; provided, however, that no amendment shall affect the amount of benefits which at the time of such amendment shall have accrued for participants or beneficiaries, to the extent of compensation deferred before the time of the amendment and income thereon accrued to the date of the amendment, calculated in accordance with LAC 32:VII.505.A and the terms and conditions of the investment options hereunder; and provided further, that no amendment shall affect the duties and responsibilities of the trustee unless executed by the trustee.B. Copies of Amendments. The administrator shall provide a copy of any plan amendment to any trustee or custodian and to the issuers of any investment options.La. Admin. Code tit. 32, § VII-1303
Promulgated by the Department of the Treasury, Deferred Compensation Commission, LR 24:1970 (October 1998), amended LR 28:1501 (June 2002).AUTHORITY NOTE: Promulgated in accordance with R.S. §42:1301-1308 and IRC §457.