Requires certain boards of education to select minimum of three financial institutions or pension management organizations to provide tax sheltered annuity plans.

This bill requires school districts with at least 1,000 students that offer 403(b) retirement plans (a tax-sheltered annuity option for school employees) to select a minimum of three financial institutions or pension managers to provide these plans. If fewer than three providers are available, the district must choose all available options. The bill mandates that selected providers must share all fees, investment details, and costs electronically to ensure transparency for employees. It also explicitly states that school boards cannot be held liable for investment losses or underperformance of the selected plans.