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Direct relievers to other qualified plans.

Memphis Code of Ordinances § 4-32-18
in effect
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Sec. 4-32-18. - Direct relievers to other qualified plans. The amount payable to a participant may be paid directly to the trustee or any other qualified retirement plan or arrangement, if and to extent provided by section 401(a)(31) of the code and regulations or other guidance issued by the Secretary thereunder. Any option available to an employer under such code section, regulation or other guidance shall be available hereunder. The plan's administrator shall establish reasonable procedures to accommodate any such direct rollover. (Code 1985, § 18-57; Ord. No. 4173, § 1, 4-16-1993)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT4PERESY_CH4-32RESYLIEM_ART4PABE_S4-32-18DIREOTQUPLFetched: 10/28/2026

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4-32-18 | Corpus