Section 12-204 – Additional Powers and Duties
(a) In addition to the powers and duties set forth elsewhere in this title, the Board: (1) shall cause the Program or payroll deposit IRA arrangements established under the Program to be designed, established, and operated; (2) shall appoint a Program administrator and determine the duties of the Program administrator; (3) shall employ staff as necessary and set the […]
Section 12-205 – Required Disclosures
(a) The Board shall establish procedures and disclosures to protect the interests of participants and employers. (b) (1) Before opening the Program for enrollment, the Board shall design and disseminate to employers and employees information regarding the Program. (2) The information provided shall include background information on the Program and appropriate disclosures for employees, including: (i) the benefits and risks […]