Summary of the Introduced Bill

HB 386 -- Public School Retirement System

Sponsor:  Franklin

This bill authorizes the Public School Retirement System Board
of Trustees to establish a benefit plan with benefits in excess
of the federal maximum benefit amount established in 26 U.S.C.
415.  The "secondary" plans may only be used to provide benefits
in excess of the federal maximum benefit amounts.


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Last Updated November 26, 2001 at 11:43 am