Texas Insurance Code 1601.152 – Cafeteria Plan
Current as of: 2024 | Check for updates
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(a) The governing board of a system may develop, implement, and administer a cafeteria plan.
(b) The governing board may include in the cafeteria plan any benefit that may be included in a cafeteria plan under federal law.
Terms Used In Texas Insurance Code 1601.152
- Contract: A legal written agreement that becomes binding when signed.
- 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
(c) The governing board may cooperate and work with and enter into a necessary contract or agreement with an independent and qualified agency, person, or entity to:
(1) develop, implement, or administer a cafeteria plan; or
(2) assist in those activities.
(d) The governing board may adopt an order terminating the cafeteria plan and providing a procedure for the orderly withdrawal of the system and its employees from the cafeteria plan if the governing board determines that a cafeteria plan adopted under this section is no longer advantageous to the system and its employees.