Relating to automatic participation by certain county employees in deferred compensation plans provided by certain counties.

HB 2783 requires certain Texas counties to automatically enroll eligible county employees in the county’s deferred compensation plan (a retirement savings program) unless the employee opts out. Employees would contribute 3% of their pay automatically through payroll deductions to a default investment option chosen by the plan administrator, replacing the previous requirement for employees to actively consent. This applies to counties that choose to adopt the automatic enrollment policy through a commissioners court order, and counties must inform new employees about their participation options and responsibilities. Employees can later adjust their contribution amount, switch investment options, or opt out entirely through the county’s designated process.