§ 5-2-106. INVESTMENTS; FUNDS AN ASSET OF COUNTY; OBLIGATION OF COUNTY.

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(a)

All assets of the plan, including all deferred amounts, property and rights purchased with deferred amounts and all income attributable to such deferred amounts, property, or rights, are held by a trustee designated by the county in separate custodial accounts for the benefit of plan participants.

(b)

Employees shall not have any preferred, guaranteed, secured, or special interest in the deferred funds. The county shall not contribute to the plan.

(1988 Code, § 2-206) (Bill No. 32-03, § 3, 7-1-2004; Bill No. 30-10, § 2, 7-1-2010)

                    
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