### Question
How is the term State pension plan defined?


### Answer
The term **State pension plan** is defined in *15 U.S.C. § 77p* as the following:

> a pension plan established and maintained for its employees by the government of the State or political subdivision thereof, or by any agency or instrumentality thereof

#### Citation:
  - *15 U.S.C. § 77p*
  - Heading: **CHAPTER 2A-SECURITIES AND TRUST INDENTURES > SUBCHAPTER I-DOMESTIC SECURITIES**

