Tex. Gov't Code § 609.007 · Subchapter A. GENERAL PROVISIONS
CONTRACT FOR DEFERMENT OF COMPENSATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A political subdivision may contract with an employee of the political subdivision for the deferment of any part of the employee's compensation.
(b) The board of trustees of the Employees Retirement System of Texas may contract with an employee of a state agency participating in a deferred compensation plan for the deferment of any part of the employee's compensation.
(c) Except as provided by Section 609.202 or 609.5025, to participate in a deferred compensation plan, an employee must consent in the contract to automatic payroll deductions in an amount equal to the deferred amount.
(d) A contract created under this section need not be in writing and may be communicated to the plan administrator electronically or by any other means approved by the plan's trustees.
(e) An institution of higher education may contract with an employee of the institution of higher education for the deferment of any part of the employee's compensation.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1999, 76th Leg., ch. 1541, Sec. 51, eff. Sept. 1, 1999; Acts 2003, 78th Leg., ch. 1266, Sec. 2.04, eff. Jan. 1, 2004.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 1409 (H.B. 957), Sec. 2, eff. June 15, 2007.
Acts 2019, 86th Leg., R.S., Ch. 1246 (H.B. 2477), Sec. 1, eff. June 14, 2019.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/GV/htm/GV.609.htm
- Text hash
- sha256 e5059839d8bb0e7738d668de041f6cb4fd7fd2d18965eb224a7c72406bb2911d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Gov't Code § 609.007. Each shows the citation as that text prints it.
Government Code
- Tex. Gov't Code § 609.202AUTOMATIC PARTICIPATION; DEFAULT INVESTMENT PRODUCT.Printed as Sections 609.007(a)
- Tex. Gov't Code § 609.5025AUTOMATIC PARTICIPATION; DEFAULT INVESTMENT PRODUCT.Printed as Sections 609.007(b)
- Tex. Gov't Code § 609.504INVESTMENT AND TRANSFER OF DEFERRED AMOUNTS AND INCOME.Printed as Section 609.007
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.