Tex. Labor Code § 203.028
This is the official text of Tex. Labor Code § 203.028, part of Texas’s Labor Code — governs wages, workplace safety, and workers' compensation.
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§ 203.028. SOLVENCY OF COMPENSATION FUND; RESERVE.
Official statutory text
(a) If the commission believes that a change in contribution or benefit rates will become necessary to protect the solvency of the compensation fund, it shall inform the governor and legislature of its belief and when the change will become necessary and shall make recommendations for the necessary change.
(b) The commission, if possible, shall maintain in the compensation fund a reserve against the liability to pay benefits in future years in excess of current contributions. The commission shall create the reserve according to accepted actuarial principles using statistics of employment, business activity, and other relevant factors for the longest possible period.
(b) The commission, if possible, shall maintain in the compensation fund a reserve against the liability to pay benefits in future years in excess of current contributions. The commission shall create the reserve according to accepted actuarial principles using statistics of employment, business activity, and other relevant factors for the longest possible period.
Status: in_force · Read it on the official government site
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