Sec. 855.4065. ADDITIONAL EMPLOYER CONTRIBUTIONS

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(a) In addition to the contributions a participating municipality is required to make under this subtitle, the board of trustees, after consultation with the actuary, by rule may authorize a participating municipality to make lump-sum or periodic employer contributions to the retirement system to be deposited in the municipality's account in the benefit accumulation fund.
(b) A contribution made under this section is not subject to the maximum contribution rates under Sections 855.407 and 855.501.

Added by Acts 2007, 80th Leg., R.S., Ch. 293 , Sec. 4, eff. January 1, 2008. Amended by: Acts 2011, 82nd Leg., R.S., Ch. 1208 , Sec. 34, eff. June 17, 2011.

                    
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