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Texas Government Code - GOV'T § 855.4065. Additional Employer Contributions

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

(a) In addition to the contributions a participating municipality is required to make under this subtitle, the board of trustees, after consultation with the actuary, by rule may authorize a participating municipality to make lump-sum or periodic employer contributions to the retirement system to be deposited in the municipality's account in the benefit accumulation fund.

(b) A contribution made under this section is not subject to the maximum contribution rates under Sections 855.407 and 855.501.

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Cite this article: FindLaw.com - Texas Government Code - GOV'T § 855.4065. Additional Employer Contributions - last updated January 01, 2024 | https://codes.findlaw.com/tx/government-code/gov-t-sect-855-4065/

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