Tex. Ins. Code § 1575.306

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

Section 1575.306 - Employee Contributions Property of Fund on Receipt; No Refund

A contribution from an active employee:

(1) is the property of the fund on receipt by the trustee; and

(2) may not be refunded to the active employee under any circumstances, including termination of employment.

Tex. Ins. Code § 1575.306

Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.441, eff. 9/1/2003.