Gavvy: Employees Retirement System of Texas, Rule 71.11 Retirement Contributions Based On Nonmonetary Compensation

Add your company name, a link, and a message to this page.

Rule 71.11 Retirement Contributions Based On Nonmonetary Compensation

An employee's nonmonetary compensation shall be considered compensation for retirement purposes. Nonmonetary compensation includes only housing and utilities. Contributions shall be based on the actual value of the nonmonetary compensation or $175, whichever is less.

Source Note: The provisions of this §71.11 adopted to be effective September 21, 1981, 6 TexReg 3427; amended to be effective January 9, 2000, 24 TexReg 12071

Gavvy last updated this database on: Aug 7, 2024