Legislative Session News Archive
Regular Session News #5: Proposed benefit increase moves to full Senate
Apr 4, 2022
Senate Bill 6 (Sen. Price) cleared another hurdle this morning when the Senate Finance Committee reported it favorably. Senate Bill 6 would authorize a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. If this legislation is enacted, individuals who meet the following criteria on July 1, ...
Regular Session News #4: Proposed benefit increase to be heard Monday; House Retirement Committee to meet Thursday
Apr 1, 2022
Senate Bill 6 (Sen. Price) will be considered by the Senate Finance Committee at 9:30 a.m. on Monday, April 4 (agenda). Senate Bill 6 would authorize a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. If this legislation is enacted, individuals who meet the following criteria on July 1, ...
Regular Session News #3: Proposed benefit increase clears first legislative hurdle
Mar 28, 2022
The Senate Retirement Committee met today and reported Senate Bill 6 (Sen. Price) favorably. Senate Bill 6 authorizes a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. If this legislation is enacted, individuals who meet the following criteria on July 1, 2022, would be granted a 2%...
Regular Session News #2: Senate Retirement Committee to consider PBI and ORP bills Monday
Mar 25, 2022
The Senate Retirement Committee is scheduled to meet at 9 a.m., Monday, March 28 (agenda). The committee will consider Senate Bill 6 (Sen. Price), which would authorize a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. Individuals who meet the following criteria on June 30, 2022, would b...