5 §894. Liability limited

Title 5: ADMINISTRATIVE PROCEDURES AND SERVICES

Part 2: CIVIL SERVICE

Chapter 68: INDIVIDUAL RETIREMENT ACCOUNT AND SIMPLIFIED EMPLOYEE PENSION PLANS FOR PUBLIC EMPLOYEES HEADING: PL 1983, C. 791, §2 (NEW)

§894. Liability limited

The State, any county, municipality or other political subdivision which transfers employee compensation to an individual retirement account shall have no liability for the funds once a proper transfer has been made. [1983, c. 791, §2 (NEW).]

SECTION HISTORY

1983, c. 791, §2 (NEW).