Texas Government Code 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.
Terms Used In Texas Government Code 609.102
- Contract: A legal written agreement that becomes binding when signed.
(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).