Tex. Gov't Code § 609.502 · Subchapter C. DEFERRED COMPENSATION PLANS FOR EMPLOYEES OF STATE AGENCIES
CREATION OF PLAN; PARTICIPATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board of trustees of the Employees Retirement System of Texas is the trustee and the plan administrator of a 401(k) plan and a 457 plan, collectively known as the TexaSaver program, established under this subchapter.
(b) The board of trustees shall administer all aspects of each plan.
(c) The board of trustees may designate a person to assist in the execution of the board's authority and responsibilities as plan administrator.
(d) A state agency may participate in either or both plans.
Notes and commentary — not statutory text
History
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1997, 75th Leg., ch. 1048, Sec. 39, eff. Sept. 1, 1997; Acts 2003, 78th Leg., ch. 1111, Sec. 3, eff. Sept. 1, 2003.
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 b3813d3f5f30a2b1f4b652845c04b1cd36172601dcd187178fd2ee2f113cb824
- 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
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.