Tex. Gov't Code § 609.1025

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 609.1025 - Roth Contribution Programs

A political subdivision may:

(1) establish a qualified Roth contribution program in accordance with Section 402A, Internal Revenue Code of 1986, under which an employee may:

(A) 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; or

(B) convert all or a portion of the employee's previous contribution under the plan to a Roth contribution; and

(2) if authorized by federal law, establish a program in accordance with the applicable federal law under which an employee may:

(A) 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; or

(B) convert all or a portion of the employee's previous contribution under the plan to a Roth contribution.

Tex. Gov't. Code § 609.1025

Added by Acts 2013, 83rd Leg. - Regular Session, ch. 80,Sec. 2, eff. 5/18/2013.