Sec. 1575.306. EMPLOYEE CONTRIBUTIONS PROPERTY OF FUND ON RECEIPT; NO REFUND. A contribution from an active employee:
(1) is the property of the fund on receipt by the trustee; and
(2) may not be refunded to the active employee under any circumstances, including termination of employment.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.441, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle H - Health Benefits and Other Coverages for Governmental Employees
Chapter 1575 - Texas Public School Employees Group Benefits Program
Subchapter G. Retired School Employees Group Insurance Fund
Section 1575.301. Fund; Administration
Section 1575.302. Payments Into Fund
Section 1575.303. Payments From Fund
Section 1575.304. Transfer of Certain Contributions
Section 1575.305. Investment of Fund
Section 1575.306. Employee Contributions Property of Fund on Receipt; No Refund