Section 855.4065 - Additional Employer Contributions(a) In addition to the contributions a participating municipality is required to make under this subtitle, the board of trustees, after consultation with the actuary, by rule may authorize a participating municipality to make lump-sum or periodic employer contributions to the retirement system to be deposited in the municipality's account in the benefit accumulation fund.(b) A contribution made under this section is not subject to the maximum contribution rates under Sections 855.407 and 855.501.Tex. Gov't. Code § 855.4065
Amended By Acts 2011, 82nd Leg., R.S., Ch. 1208, Sec. 34, eff. 6/17/2011.Added by Acts 2007, 80th Leg., R.S., Ch. 293, Sec. 4, eff. 1/1/2008.