Sec. 609.707. INVESTMENT AND TRANSFER OF DEFERRED AMOUNTS AND INCOME. The plan administrator shall:
(1) invest the deferred amounts and investment income of a participating employee in the qualified investment products designated by the employee; and
(2) transfer the deferred amounts and investment income of a participating employee from one qualified investment product to another on the employee's request.
Added by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, eff. Jan. 1, 2004.
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 D. Deferred Compensation Plans for Employees of Institutions of Higher Education
Section 609.702. Creation of Plan
Section 609.703. Designation of Plan Administrator
Section 609.704. Removal of Plan Administrator
Section 609.705. Oversight Committee
Section 609.706. Authority of Plan Administrator
Section 609.707. Investment and Transfer of Deferred Amounts and Income
Section 609.708. Participation of Independent Contractors
Section 609.709. Changing Amount Deferred
Section 609.712. Evaluation and Approval of Qualified Vendor
Section 609.713. Number of Vendors Under 457 Plan
Section 609.714. Contract With Qualified Vendor