Sec. 609.102.  CREATION OF PLAN.  (a)  A political subdivision may create and administer for its employees a 401(k) plan under this subchapter.
(b)  A political subdivision may create and administer for its employees a 457 plan under this subchapter.
(c)  A political subdivision may contract with other political subdivisions to create a single deferred compensation plan for their employees under Subsection (a) or (b).
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.