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Texas Legislature 2021

Overhaul to Texas state government employees’ retirement accounts advanced out of Legislature

Senate Bill 321 would enroll new state workers in a cash-balance plan — similar to a common 401(k) retirement account — rather than the defined-benefit pension plan that current employees have.

The dome of the Texas Capitol on April 12, 2021.

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State government Employee Retirement System Texas House of Representatives Texas Legislature Texas Senate