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A key Texas Senate committee on Monday unveiled and quickly passed a major overhaul to the state s employee pension plan. Credit: Evan L Roy/The Texas Tribune A powerful Texas Senate committee on Monday unveiled and quickly voted out a major overhaul to the state’s employee pension plan. Senate Bill 321 by state Sen. Joan Huffman, R-Houston, would enroll new employees eligible for the Texas Employees Retirement System in a cash balance plan similar to a common 401(k) retirement account instead of the traditional, defined benefit pension plan. The Senate Finance Committee approved the measure by a vote of 13-0, with Democratic state Sen. Royce West of Dallas voting present. ....