Texas Education Code
§ 51.926 — PAYROLL DEDUCTIONS FOR QUALIFIED RETIREMENT PLANS
ED § 51.926Title 3. HIGHER EDUCATION · Part A. HIGHER EDUCATION IN GENERAL · Ch. 51. PROVISIONS GENERALLY APPLICABLE TO HIGHER EDUCATION · Art. Z. MISCELLANEOUS PROVISIONS
Statute text
View on source(a)On written authorization from a football coach who is entitled to participate in a qualified football coaches plan, an institution of higher education may:
(1)enter into a salary reduction agreement under which the salary of the coach is reduced by the amount of contribution to the plan; and
(2)remit such contribution to the plan for credit to the coach's plan account.
(b)A person who participates in a qualified football coaches plan may also participate in another retirement plan or be a member of a retirement system established by law for employees of institutions of higher education.
(c)In this section:
(1)"Institution of higher education" has the meaning assigned by Section 61.003 of this code.
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Legislative history
Added by Acts 1991, 72nd Leg., ch. 683, Sec. 1, eff. June 16, 1991. Amended by Acts 1991, 72nd Leg., 1st C.S., ch. 13, Sec. 24, eff. Nov. 12, 1991.