Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Government Code § 609.011: NOTIFICATION BY PLAN ADMINISTRATOR.

Where this section sits in the code

GOVERNMENT CODE
TITLE 6. PUBLIC OFFICERS AND EMPLOYEES
SUBTITLE A. PROVISIONS GENERALLY APPLICABLE TO PUBLIC OFFICERS AND EMPLOYEES
CHAPTER 609. DEFERRED COMPENSATION PLANS
SUBCHAPTER A. GENERAL PROVISIONS

(a) The plan administrator of a plan established under this chapter may notify an employee participating in the plan that the administrator believes that:

(1) a qualified vendor is having significant financial difficulties; or

(2) the amount of the employee's deferred amounts and investment income invested with a qualified vendor exceeds an insured or guaranteed level.

(b) A plan administrator is not liable to a participating employee for a loss resulting from the failure to notify the employee under this section.

Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 2003, 78th Leg., ch. 1111, Sec. 2, eff. Sept. 1, 2003.

Collected 2026-08-27T01:47:16Z. Source file · JSON

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