Texas § GV.845.306 - EMPLOYEES SAVING FUND
Full text of Texas The Texas Constitution § GV.845.306 — EMPLOYEES SAVING FUND, with citation guidance and answers to common questions.
§ GV.845.306. EMPLOYEES SAVING FUND
EMPLOYEES SAVING FUND. (a) The retirement system shall deposit in a member's individual account in the employees saving fund: (1) the amount of contributions to the retirement system deducted from the member's compensation; (2) interest allowed in accordance with this subtitle; (3) the contribution made by a member in an amount equal to the amount withdrawn to reinstate service credit under Section 843.003 ; (4) the amount deposited by a member in accordance with Section 843.0031 ; and (5) the amount contributed by a member in accordance with Section 843.601(b) to establish current service credit for military service under the Uniformed Services Employment and Reemployment Rights Act of 1994 (38 U.S.C. Section 4301 et seq.). (b) The retirement system shall establish and maintain a separate member individual account for each subdivision with which the member has credited service. (c) On December 31 of each year, the retirement system shall credit to each member's individual account interest as allowed by this subtitle on the amount of accumulated contributions credited to the member's account on January 1 of that year. Acts 1981, 67th Leg., p. 1876, ch. 453, Sec. 1, eff. Sept. 1, 1981. Amended by Acts 1981, 67th Leg., 1st C.S., p. 215, ch. 18, Sec. 58, eff. Nov. 10, 1981. Renumbered from Vernon's Ann.Civ.St. Title 110B, Sec. 55.306 and amended by Acts 1989, 71st Leg., ch. 179, Sec. 1, eff. Sept. 1, 1989. Amended by Acts 1991, 72nd Leg., ch. 460, Sec. 24, eff. Aug. 26, 1991; Acts 1999, 76th Leg., ch. 427, Sec. 51, eff. Dec. 31, 1999; Acts 2001, 77th Leg., ch. 122, Sec. 46, eff. Dec. 31, 2001. Amended by: Acts 2005, 79th Leg., Ch. 506 (H.B. 633 ), Sec. 25, eff. January 1, 2006.
Frequently Asked Questions About Texas § GV.845.306
What does The Texas Constitution § GV.845.306 cover?
Section GV.845.306 ("EMPLOYEES SAVING FUND") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.845.306?
A common citation format is "The Texas Constitution § GV.845.306" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.845.306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.