Tex. Gov't Code § 609.710

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

Section 609.710 - Distribution

A plan administrator shall develop and implement procedures for:

(1) the designation by a participating employee of a beneficiary to receive the employee's deferred amounts and investment income after the employee's death; and

(2) the distribution of a participating employee's deferred amounts and investment income to the employee or the employee's beneficiary, as appropriate, because of the employee's death or termination of employment, a financial hardship, or another reason permissible under federal law.

Tex. Gov't. Code § 609.710

Added by Acts 2003, 78th Leg., ch. 1266, Sec. 2.05, eff. 1/1/2004.