BATON ROUGE, La. (AP) — Louisiana Gov. Bobby Jindal won his first significant victory Wednesday in his bid to revamp state retirement, when both the House and Senate agreed to create a new pension plan for future rank-and-file state workers.

The bill sent to the governor’s desk would create an investment account similar to a 401(k) plan for state employees hired after July 1, 2013, instead of a monthly retirement payment based on their salaries and years of employment.

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