Texas § 51.926 PAYROLL DEDUCTIONS FOR QUALIFIED RETIREMENT PLANS.

Texas Statutes

§ 51.926 — PAYROLL DEDUCTIONS FOR QUALIFIED RETIREMENT PLANS.

Texas § 51.926

Code EDEducation Code

This text of Texas § 51.926 (PAYROLL DEDUCTIONS FOR QUALIFIED RETIREMENT PLANS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Education Code Code Ann. § 51.926 (2026).

Text

Sec. 51.926. PAYROLL DEDUCTIONS FOR QUALIFIED RETIREMENT PLANS.

(a)On written authorization from a football coach who is entitled to participate in a qualified football coaches plan, an institution of higher education may:

(1)enter into a salary reduction agreement under which the salary of the coach is reduced by the amount of contribution to the plan; and

(2)remit such contribution to the plan for credit to the coach's plan account.

(b)A person who participates in a qualified football coaches plan may also participate in another retirement plan or be a member of a retirement system established by law for employees of institutions of higher education.

(c)In this section:

(1)"Institution of higher education" has the meaning assigned by Section 61.003 of this code.

(2)"Qualified foot

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Sec. 51.926. PAYROLL DEDUCTIONS FOR QUALIFIED RETIREMENT PLANS. (a) On written authorization from a football coach who is entitled to participate in a qualified football coaches plan, an institution of higher education may:
(1) enter into a salary reduction agreement under which the salary of the coach is reduced by the amount of contribution to the plan; and
(2) remit such contribution to the plan for credit to the coach's plan account.
(b) A person who participates in a qualified football coaches plan may also participate in another retirement plan or be a member of a retirement system established by law for employees of institutions of higher education.
(c) In this section:
(1) "Institution of higher education" has the meaning assigned by Section 61.003 of this code.
(2) "Qualified football coaches plan" means a retirement plan under Title 29 U.S.C. Section 1002(37)(F).