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TITLE 34 | PUBLIC FINANCE |
PART 4 | EMPLOYEES RETIREMENT SYSTEM OF TEXAS |
CHAPTER 71 | CREDITABLE SERVICE |
RULE §71.11 | Retirement Contributions Based on Nonmonetary Compensation |
An employee's nonmonetary compensation shall be considered compensation for retirement purposes. Nonmonetary compensation includes only housing and utilities. Contributions shall be based on the actual value of the nonmonetary compensation or $175, whichever is less. |
Source Note: The provisions of this §71.11 adopted to be effective September 21, 1981, 6 TexReg 3427; amended to be effective January 9, 2000, 24 TexReg 12071 |