La. Admin. Code tit. 58 § III-1701
Current through Register Vol. 50, No. 11, November 20, 2024
Section III-1701 - Use of Plan AssetsA. At no time shall it be possible for the plan assets to be used for, or diverted to, any person other than for the exclusive benefit of the members and their beneficiaries, except that contributions made by the employer may be returned to the employer if the contribution was made due to a mistake of fact as permitted by revenue ruling 91-4.La. Admin. Code tit. 58, § III-1701
Promulgated by the Department of the Treasury, Board of Trustees of the Teachers Retirement System of Louisiana, LR 41:397 (February 2015).AUTHORITY NOTE: Promulgated in accordance with R.S. 11:826.