Section 1551.403 - Fees for State Employees Cafeteria Plan Trust Fund(a) Subject to Subsection (e), the board of trustees may establish a monthly fee to be paid by each employee who elects to participate in a cafeteria plan for the purpose of paying the expenses of administering the cafeteria plan.(b) The board of trustees shall establish the amount of the monthly fee and may establish a separate fee for each benefit included in a cafeteria plan.(c) If the board of trustees establishes a monthly fee, each employee who participates in the cafeteria plan must authorize payment of the fee by executing a separate payroll deduction agreement or as part of the salary reduction agreement, as determined by the board.(d) The monthly fee shall be paid into the state employees cafeteria plan trust fund.(e) The board of trustees may not establish a fee for administering the premium conversion benefit portion of a cafeteria plan.Tex. Ins. Code § 1551.403
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.