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Current as of January 01, 2024 | Updated by FindLaw Staff
(a) If an employee elects to participate in a cafeteria plan, the employee must execute a salary reduction agreement under which the employee's monthly compensation will be reduced in an amount equal to the difference between:
(1) the amount appropriated for that purpose in the General Appropriations Act or the system's budget; and
(2) the cost of the employee's selected coverages for which the employee is eligible to pay under the cafeteria plan.
(b) The employee must execute a salary reduction agreement for any portion of the cost that is not covered by state or system appropriations and cafeteria plan contributions.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1601.205. Employee Payments for Participation in Cafeteria Plan - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1601-205/
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 or via Westlaw before relying on it for your legal needs.
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