SB2428 — Relating to authorizing the Employees Retirement System of Texas and the Teacher Retirement System of Texas to establish defined contribution plans or hybrid retirement plans to provide retirement benefits to certain employees.

SB2428 — Relating to authorizing the Employees Retirement System of Texas and the Teacher Retirement System of Texas to establish defined contribution plans or hybrid retirement plans to provide retirement benefits to certain employees. · Informed CitizenrySB 2428 authorizes the Employees Retirement System of Texas (ERTS) and the Teacher Retirement System of Texas (TRS) to establish 'alternative retirement plans,' which are defined as defined contrib…Open in Informed Citizenry