Sec. 609.1025. ROTH CONTRIBUTION PROGRAMS. A political subdivision may:
(1) establish a qualified Roth contribution program in accordance with Section 402A, Internal Revenue Code of 1986, under which an employee may:
(A) designate all or a portion of the employee's contribution under a 401(k) plan as a Roth contribution at the time the contribution is made; or
(B) convert all or a portion of the employee's previous contribution under the plan to a Roth contribution; and
(2) if authorized by federal law, establish a program in accordance with the applicable federal law under which an employee may:
(A) designate all or a portion of the employee's contribution under a 457 plan as a Roth contribution at the time the contribution is made; or
(B) convert all or a portion of the employee's previous contribution under the plan to a Roth contribution.
Added by Acts 2013, 83rd Leg., R.S., Ch. 80 (S.B. 366), Sec. 2, eff. May 18, 2013.
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