TX SB2248

Authorizes county commissioners courts to adopt an order requiring automatic enrollment of county employees in deferred compensation plans, with employees able to opt out if they choose not to participate

Sets a default employee contribution of 3% of compensation through automatic payroll deduction, invested in a default investment product selected by the plan administrator

Allows participating employees to opt out entirely, change their contribution amount, select different investment products, or designate contributions as Roth contributions at any time

Requires electing counties to inform new employees at the time of hire about their automatic enrollment, opt-out rights, and plan responsibilities, and to maintain records of employee acknowledgment

Applies only to employees who begin work on or after January 1, 2026, with the act taking effect immediately upon two-thirds vote or September 1, 2025