SECTION 5.37. Deferred Compensation Contracts

(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).

Source Note: The provisions of this §5.37 adopted to be effective May 19, 2019, 44 TexReg 2362