Sec. 606.024. PLAN FOR COVERAGE. (a) To obtain social security coverage for its employees, a political subdivision must submit a plan for approval by the retirement system.
(b) The retirement system shall approve a plan if the retirement system finds that the plan:
(1) conforms to the retirement system's rules;
(2) conforms to federal law and agreements made between the federal government and the states;
(3) specifies the source of funds from which payments will be made and guarantees that this source will be adequate;
(4) provides methods for proper and efficient administration by the political subdivision that are found by the retirement system to be necessary;
(5) provides that the political subdivision will:
(A) report information at a time and in a form required by the retirement system; and
(B) comply with requirements of the retirement system or federal authorities for the receipt, correctness, and verification of reports; and
(6) specifies the personnel of the political subdivision who are responsible for making assessments, collections, and reports.
(c) The retirement system may not refuse to approve a submitted plan unless the retirement system gives the submitting political subdivision reasonable notice and an opportunity for a hearing.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
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