By Leonard Gilroy, Steven Gassenberger and Zachary Christensen, includes “The law, signed by Texas Gov. Greg Abbott on June 18, includes two major changes: committing the state to make annual contributions that will fully fund the retirement promises already made to public workers and introducing a cash balance plan for future hires … Using actuarially determined employer contribution (ADEC) policy will mean that the state is essentially committing to fully fund pension obligations.” (Note: See their Figure 4, “ERS Statutory vs. ADEC Contributions (1998-2020)”)