Texas Administrative Code
Title 34 - PUBLIC FINANCE
Part 1 - COMPTROLLER OF PUBLIC ACCOUNTS
Chapter 5 - FUNDS MANAGEMENT (FISCAL AFFAIRS)
Subchapter D - CLAIMS PROCESSING-PAYROLL
Section 5.37 - Deferred Compensation Contracts
Universal Citation: 34 TX Admin Code § 5.37
Current through Reg. 50, No. 13; March 28, 2025
(a) Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.
(1) State agency--Has the meaning assigned by Government Code, §
659.262(a).
(2) Classified employee--A state employee who is employed in a position that is classified under Government Code, Chapter 654, and is identified by the chief administrator of a state agency as essential for the state agency's operations.
(3) Deferred compensation contract--A contract entered into between a state agency and a classified employee under Government Code, §
659.262(c).
(b) A state agency shall not enter into a deferred compensation contract with a classified employee while another deferred compensation contract with that same classified employee is in effect. A deferred compensation contract is in effect during the 12-month period of service required by Government Code, § 659.262(c).
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