Compensation Strategies Group, Ltd.
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|Texas TRS Approves Criticized Regulations|
Apr. 8, 2002
Excerpt: On March 28, 2002, the Texas Teacher Retirement System Board of Trustees approved staff recommended regulations implementing SB 273, a 403(b) cleanup bill passed by the Texas legislature in 2001. The revised regulations contain expense caps on 403(b) products that continue to allow most high cost, high fee products to be sold in Texas.
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