Louisiana Administrative Code
Title 58 - RETIREMENT
Part III - Teachers' Retirement System of Louisiana
Chapter 17 - Defined Benefit Plan Internal Revenue Code Provisions
Section III-1701 - Use of Plan Assets
Universal Citation: LA Admin Code III-1701
Current through Register Vol. 50, No. 9, September 20, 2024
A. 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.
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:826.
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