Texas Education Code 51.926 – Payroll Deductions for Qualified Retirement Plans
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(a) On written authorization from a football coach who is entitled to participate in a qualified football coaches plan, an institution of higher education may:
(1) enter into a salary reduction agreement under which the salary of the coach is reduced by the amount of contribution to the plan; and
(2) remit such contribution to the plan for credit to the coach’s plan account.
(b) A person who participates in a qualified football coaches plan may also participate in another retirement plan or be a member of a retirement system established by law for employees of institutions of higher education.
Terms Used In Texas Education Code 51.926
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) In this section:
(1) “Institution of higher education” has the meaning assigned by § 61.003 of this code.
(2) “Qualified football coaches plan” means a retirement plan under Title 29 U.S.C. § 1002(37)(F).