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Indiana House Advances Bill for Offering 401(k)-Style Plan to New Teachers
Indianapolis Business Journal 
Mar. 3, 2017
"Under [the proposed] plan, teachers new to the system could choose the traditional hybrid plan or the 401(k)-style account. A teacher's employer would be required to contribute an amount equal to 3 percent of the teacher's salary to the new defined-contribution plan, and teachers could contribute up to 10 percent of their salary. The bill would also allow teachers to change their minds after three years and use the pension-style plan going forward."
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