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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) This section applies to an employer that is a public junior college or a public junior college district.
(b) An employer described by Subsection (a) shall contribute monthly to the retirement system:
(1) an amount equal to the state contribution rate then in effect multiplied by 50 percent of the aggregate eligible creditable compensation of members who are qualifying employees under Section 825.404(a-1)(1) that the employer reports to the retirement system; and
(2) an amount equal to the state contribution rate then in effect multiplied by 100 percent of the aggregate eligible creditable compensation of all other members under Section 825.404(a-1)(2) that the employer reports to the retirement system.
(c) The designated disbursing officer of each public junior college and each public junior college district shall:
(1) submit to the retirement system, at a time and in the manner prescribed by the retirement system, a monthly report containing a certification that includes:
(A) the total amount of compensation paid;
(B) the total amount of employer contributions due under this section for the payroll period; and
(C) any other information the retirement system determines is necessary to administer this section; and
(2) maintain and retain the following information:
(A) the name of each member employed by the public junior college or public junior college district;
(B) the amount of the member's salary for the most recent payroll period;
(C) whether the member is a qualifying employee under Section 825.404(a-1)(1); and
(D) any other information the retirement system determines is necessary to administer this section.
(d) A monthly report required under Subsection (c) shall be accompanied by payment of the amount of employer contributions certified in Subsection (c)(1).
(e) Not later than the 90th day after the date each school year ends, the retirement system shall certify to the comptroller the names of any public junior colleges or public junior college districts that have failed to remit, within the period required by Section 825.408, all contributions required under this section for the school year and the amounts of the unpaid contributions.
(f) If the comptroller receives a certification under Subsection (e), the comptroller shall withhold the amount certified, plus interest computed at the rate and in the manner provided by Section 825.408, from the first state money payable to the public junior college or public junior college district. The amount withheld shall be deposited to the credit of the appropriate accounts of the retirement system.
(g) The retirement system shall deposit all money it receives under this section in the state contribution account.
Cite this article: FindLaw.com - Texas Government Code - GOV'T § 825.4071. Collection of Contributions From Employers That Are Public Junior Colleges or Public Junior College Districts - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-825-4071/
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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