Sec. 606.028. ADMINISTRATIVE EXPENSES. (a) As agreed by the retirement system and the governing body of a political subdivision that has an approved plan, the retirement system shall require the political subdivision to pay the subdivision's proportionate share of the state administrative expenses for this subchapter by:
(1) an annual fee for the political subdivision;
(2) an annual fee for each employee covered;
(3) an amount equal to a percentage of the contributions made to federal authorities; or
(4) any other equitable measure.
(b) A political subdivision may make payment for administrative expenses under this section from any available fund not otherwise dedicated.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.
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