Sec. 609.5021. ROTH CONTRIBUTION PROGRAMS. The board of trustees may:
(1) establish a qualified Roth contribution program in accordance with Section 402A, Internal Revenue Code of 1986, under which an employee may designate all or a portion of the employee's contribution under a 401(k) plan as a Roth contribution at the time the contribution is made; and
(2) if authorized by federal law, establish a program in accordance with the applicable federal law under which an employee may designate all or a portion of the employee's contribution under a 457 plan as a Roth contribution at the time the contribution is made.
Added by Acts 2009, 81st Leg., R.S., Ch. 444 (H.B. 2283), Sec. 2, eff. September 1, 2009.
Structure Texas Statutes
Title 6 - Public Officers and Employees
Subtitle A - Provisions Generally Applicable to Public Officers and Employees
Chapter 609 - Deferred Compensation Plans
Subchapter C. Deferred Compensation Plans for Employees of State Agencies
Section 609.502. Creation of Plan; Participation
Section 609.5021. Roth Contribution Programs
Section 609.5025. Automatic Participation; Default Investment Product
Section 609.5026. State Matching Contributions
Section 609.503. Changing Amount Deferred
Section 609.504. Investment and Transfer of Deferred Amounts and Income
Section 609.505. Qualified Vendor
Section 609.506. Insurance Company as Qualified Vendor
Section 609.507. Financial Institution as Qualified Vendor
Section 609.509. Contracts for Goods and Services
Section 609.510. Exemption for Certain Contracts
Section 609.512. Deferred Compensation Plan Trust Funds
Section 609.513. Discretionary Transfer
Section 609.514. Alternative to Fund Deposit
Section 609.515. Transfer to 457 Plan of Institution of Higher Education