Legislative Session News Archive
Regular Session News #1: 2022 Regular session starts Monday; several bills affect TRSL
Mar 11, 2022
The 2022 Regular Legislative Session begins Monday, March 14, and TRSL is monitoring the following bills that could impact the retirement system and its members: Senate bills affecting TRSL Senate Bill 6 (Sen. Price) would authorize a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors based on the first $68,396 of their annual retirement benefit, beginning July 1, 2022. Senate Bill 10 (S...
Regular Session News #15: End of session - Here’s what happened
Jun 11, 2021
The 2021 Regular Session, which began April 12, ended yesterday. Three bills and one resolution impacting TRSL passed. Here’s a look at them. Permanent Benefit Increase Act 37 [Senate Bill 24] (Sen. Price) grants a minimum benefit increase to certain retirees, beneficiaries, and survivors of TRSL as well as the retirement systems for state employees, school employees, and state police. TRSL retirees who meet all of the foll...
Regular Session News #14: Governor signs PBI bill (copy)
Jun 2, 2021
Yesterday, Gov. John Bel Edwards signed Act 37 of 2021 (formerly Senate Bill 24), which grants a minimum benefit increase to certain retirees, beneficiaries, and survivors of TRSL as well as the retirement systems for state employees, school employees, and state police. TRSL retirees who meet all of the following criteria on June 30, 2021, will receive a monthly benefit increase equal to the lesser of $300 or the difference bet...
Regular Session News #13: Minimum benefit increase bill sent to the Governor
May 28, 2021
Senate Bill 24 (Sen. Price) has passed both chambers of the Legislature and now heads to the Governor for approval. SB 24 would grant a minimum benefit increase to certain retirees, beneficiaries, and survivors of TRSL as well as the retirement systems for state employees, school employees, and state police. TRSL retirees who meet the following criteria on June 30, 2021, would be granted a monthly benefit increase equal to the l...