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A BILL TO BE ENTITLED
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AN ACT
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relating to the inclusion of a student loan repayment benefit in a |
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cafeteria plan administered for state employees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1551.206(b), Insurance Code, is amended |
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to read as follows: |
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(b) The board of trustees may include in the cafeteria plan |
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any benefit that may be included in a cafeteria plan under federal |
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law. The cafeteria plan may include a student loan repayment |
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benefit if authorized under federal law. |
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SECTION 2. If before implementing Section 1551.206(b), |
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Insurance Code, as amended by this Act, the board of trustees of the |
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Employees Retirement System of Texas determines that federal |
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authorization is necessary for implementation of that subsection, |
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the board of trustees shall delay implementing that subsection |
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until the authorization is granted. |
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SECTION 3. (a) Except as provided by Subsection (b) of this |
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section, this Act takes effect September 1, 2017. |
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(b) Section 1 of this Act takes effect September 1, 2018. |