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SECTION 1. DEFINITIONS . . . . . . . . . . . . . . . . . 1

SECTION 2. COVERAGE . . . . . . . . . . . . . . . . . . 7

SECTION 3. BOARD POWERS AND DUTIES . . . . . . . . . . . 8

SECTION 4. [OPEN OR PUBLIC] RECORDS AND MEETINGS . . . . 8

SECTION 5. ESTABLISHMENT OF TRUST . . . . . . . . . . . 9

SECTION 6. GENERAL FIDUCIARY DUTIES . . . . . . . . . . 11

SECTION 7. FIDUCIARY DUTIES IN INVESTING AND MANAGING

ASSETS . . . . . . . . . . . . . . . . . . . 11

SECTION 8. APPLICATION OF FIDUCIARY DUTIES . . . . . . . 12

SECTION 9. LIABILITY FOR BREACH OF FIDUCIARY DUTIES . . 14

SECTION 10. REPORTING AND DISCLOSURE DUTIES . . . . . . . 14

SECTION 11. THE SUMMARY PLAN DESCRIPTION . . . . . . . . 17

SECTION 12. THE ANNUAL REPORT . . . . . . . . . . . . . . 19

SECTION 13. OPINION ON THE FINANCIAL STATEMENT . . . . . 24

SECTION 14. ACTUARIAL STATEMENT . . . . . . . . . . . . . 25

SECTION 15. LIABILITY FOR FAILURE TO COMPLY WITH

REPORTING AND DISCLOSURE DUTIES . . . . . . . 26

SECTION 16. ENFORCEMENT . . . . . . . . . . . . . . . . . 26

SECTION 17. ANTI-ALIENATION . . . . . . . . . . . . . . . 28

[SECTION 18. PORTABILITY]

[OPTION A] . . . . . . . . . . . . . . . . . 29

[OPTION B] . . . . . . . . . . . . . . . . . 32

[OPTION C] . . . . . . . . . . . . . . . . . 34

[SECTION 19. PURCHASE-OF-SERVICE CREDIT] . . . . . . . . . 35

SECTION 20. UNIFORMITY OF APPLICATION AND CONSTRUCTION . 40

SECTION 21. SHORT TITLE . . . . . . . . . . . . . . . . . 40

SECTION 22. SEVERABILITY . . . . . . . . . . . . . . . . 40

SECTION 23. EFFECTIVE DATE . . . . . . . . . . . . . . . 41

SECTION 24. REPEALS . . . . . . . . . . . . . . . . . . . 41

SECTION 25. SAVINGS AND TRANSITIONAL PROVISIONS . . . . . 41