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Current as of January 01, 2024 | Updated by Findlaw Staff
A plan administrator shall develop and implement procedures for:
(1) the designation by a participating employee of a beneficiary to receive the employee's deferred amounts and investment income after the employee's death; and
(2) the distribution of a participating employee's deferred amounts and investment income to the employee or the employee's beneficiary, as appropriate, because of the employee's death or termination of employment, a financial hardship, or another reason permissible under federal law.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 609.111. Distribution - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-609-111/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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