Texas Statutes (Last Updated: January 4, 2014) |
GOVERNMENT CODE |
Title 6. PUBLIC OFFICERS AND EMPLOYEES |
Subtitle A. PROVISIONS GENERALLY APPLICABLE TO PUBLIC OFFICERS AND EMPLOYEES |
Chapter 609. DEFERRED COMPENSATION PLANS |
Subchapter B. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF POLITICAL SUBDIVISIONS |
Sec. 609.108. INVESTMENT AND TRANSFER OF DEFERRED AMOUNTS AND INCOME
Latest version.
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The plan administrator shall:
(1) invest the deferred amounts and investment income of a participating employee in the qualified investment products designated by the employee; and
(2) transfer the deferred amounts and investment income of a participating employee from one qualified investment product to another on the employee's request.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.