Sec. 840.207.  COMPENSATION OF EMPLOYEES;  PAYMENT OF EXPENSES.  (a)  The board of trustees shall compensate all persons whom it employs and shall pay all expenses necessary to operate the retirement system at rates and in amounts approved by the board.  Those rates and amounts may not exceed those paid for the same or similar service for the state.
(b)  The board of trustees shall pay compensation and expenses required by Subsection (a) from an appropriate account of the retirement system.
Added by Acts 1985, 69th Leg., ch. 602, Sec. 1, Sept. 1, 1985.  Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 75.207 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989.