(1) The county may not warrant any tax benefits or advantages under the plan.

(2) The county shall be exonerated and held free from any liability of any kind hereunder if decisions or actions taken by the county are in good faith.

(3) Nothing in this chapter shall in any way affect the rights of the county or the employees to terminate the employment relationship between them.

(4) A trust, custodial account, or annuity contract will be established, in accordance with IRS Code and the terms of the plan document, for all amounts deferred under the plan, all property purchased, and rights purchased with such amounts, and all income attributable to such amounts, property or rights, to be held for the exclusive benefit of the participants and their beneficiaries. (Added by Ord. 84-120 § 2, Oct. 17, 1984; Amended by Ord. 02-085, Dec. 18, 2002, Eff date Jan. 1, 2003).