The plan administrator may prohibit any person from deferring funds to the deferred compensation plan who violates the plan for a period to be determined by the plan administrator. Any person with a grievance concerning action taken under this section or the plan document may submit a grievance in accordance with §87.23 of this title (relating to Grievance Procedure).

Source Note: The provisions of this §87.29 adopted to be effective November 23, 1992, 17 TexReg 7911; amended to be effective June 9, 2015, 40 TexReg 3575