Gavvy: Ins. Code, Sec. 1601.2042. Compensation Insufficient to Cover Deduction.

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section 1601.2041

Sec. 1601.2042. Compensation Insufficient to Cover Deduction.

Sec. 1601.2042. COMPENSATION INSUFFICIENT TO COVER DEDUCTION. If a participant's monthly compensation from which the participant's contribution is deducted is insufficient to pay the participant's contribution for coverage, the system may adopt rules under which the system considers the coverage to have terminated after the last full month for which the contribution was paid in full, as determined by the system.

Added by Acts 2017, 85th Leg., R.S., Ch. 1106 (H.B. 4035), Sec. 8, eff. June 15, 2017.

Gavvy last updated this database on: Sep 6, 2024