34 TAC § 5.37. Deferred Compensation Contracts
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Texas Administrative Code › Title 34 PUBLIC FINANCE › Part 1 COMPTROLLER OF PUBLIC ACCOUNTS › Chapter 5 FUNDS MANAGEMENT (FISCAL AFFAIRS) › 34 TAC § 5.37
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(a) Definitions. The following words and terms, when used in this section, shall have the following meanings, unless the context clearly indicates otherwise.
(1) State agency--Has the meaning assigned by Government Code, §659.262(a).
(2) Classified employee--A state employee who is employed in a position that is classified under Government Code, Chapter 654, and is identified by the chief administrator of a state agency as essential for the state agency's operations.
(3) Deferred compensation contract--A contract entered into between a state agency and a classified employee under Government Code, §659.262(c).
(b) A state agency shall not enter into a deferred compensation contract with a classified employee while another deferred compensation contract with that same classified employee is in effect. A deferred compensation contract is in effect during the 12-month period of service required by Government Code, §659.262(c).
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