Section 125.8 - Collection of Contributions(a) The powers and duties of the board pursuant to §855.402 may be exercised or performed by the director or his or her designee. (b) Certification to the system by a participating municipality of the amount to be deducted from the compensation of each member that it employs ("Member Contributions") and of the names and monthly salaries of each employee of the municipality pursuant to §855.402 of the Act shall be done at least monthly through a system payroll report certified, either in writing or electronically, by the municipality and submitted to the system. Submission of a certified payroll report in accordance with this subsection by a municipality shall satisfy any requirement in the Act for a municipality to certify the Member Contributions or to provide a certified list of the names and monthly and annual salaries for employees to the system before January 31 of each year. (c) Member Contributions deducted and paid pursuant to §855.402 shall be for members who qualify as employees, as defined in the Act, of the participating municipality. (d) Payment of Member Contributions pursuant to §855.402 of the Act and municipality contributions pursuant to §855.403 of the Act shall be made by a participating municipality to the system at least monthly by electronic funds transfer unless the municipality provides written notice to the system of the reasons for which electronic funds transfers are impractical for the municipality or more costly to the municipality than otherwise.34 Tex. Admin. Code § 125.8
Adopted by Texas Register, Volume 46, Number 16, April 16, 2021, TexReg 2588, eff. 4/25/2021