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Texas Statutes (Last Updated: January 4, 2014) |
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GOVERNMENT CODE |
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Title 6. PUBLIC OFFICERS AND EMPLOYEES |
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Subtitle A. PROVISIONS GENERALLY APPLICABLE TO PUBLIC OFFICERS AND EMPLOYEES |
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Chapter 609. DEFERRED COMPENSATION PLANS |
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Subchapter B. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF POLITICAL SUBDIVISIONS |
Sec. 609.102. CREATION OF PLAN
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(a) A political subdivision may create and administer for its employees a 401(k) plan under this subchapter.
(b) A political subdivision may create and administer for its employees a 457 plan under this subchapter.
(c) A political subdivision may contract with other political subdivisions to create a single deferred compensation plan for their employees under Subsection (a) or (b).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.