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Texas Government Code - GOV'T § 606.028. Administrative Expenses

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) As agreed by the retirement system and the governing body of a political subdivision that has an approved plan, the retirement system shall require the political subdivision to pay the subdivision's proportionate share of the state administrative expenses for this subchapter by:

(1) an annual fee for the political subdivision;

(2) an annual fee for each employee covered;

(3) an amount equal to a percentage of the contributions made to federal authorities;  or

(4) any other equitable measure.

(b) A political subdivision may make payment for administrative expenses under this section from any available fund not otherwise dedicated.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 606.028. Administrative Expenses - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-606-028/

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