85R13930 CJC-D     By: Buckingham S.B. No. 2031       A BILL TO BE ENTITLED   AN ACT   relating to the inclusion of a student loan repayment benefit in a   cafeteria plan administered for state employees.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Section 1551.206(b), Insurance Code, is amended   to read as follows:          (b)  The board of trustees may include in the cafeteria plan   any benefit that may be included in a cafeteria plan under federal   law. The cafeteria plan may include a student loan repayment   benefit if authorized under federal law.          SECTION 2.  If before implementing Section 1551.206(b),   Insurance Code, as amended by this Act, the board of trustees of the   Employees Retirement System of Texas determines that federal   authorization is necessary for implementation of that subsection,   the board of trustees shall delay implementing that subsection   until the authorization is granted.          SECTION 3.  (a) Except as provided by Subsection (b) of this   section, this Act takes effect September 1, 2017.          (b)  Section 1 of this Act takes effect September 1, 2018.