Legislative Session News Archive
Session News #8: Hybrid plan bill deferred in House retirement committee
May 8, 2019
A bill that would establish a hybrid retirement benefit structure for TRSL and the state retirement systems for state employees, school employees, and state police was voluntarily deferred by its author at this morning’s House retirement committee meeting. House Bill 28 (Rep. Ivey) would establish a hybrid retirement benefit structure for certain members of the state retirement systems first hired on or after July 1, 2020. Tun...
Session News #7: Hybrid plan bill to be heard this week
May 6, 2019
The House Retirement Committee is scheduled to meet at 9:30 a.m., Wednesday, May 8. The following bill affecting TRSL is on the agenda: House Bill 28 (Rep. Ivey) would establish a hybrid retirement benefit structure for certain members of the state retirement systems first hired on or after July 1, 2020. Tune in & watch live: You can watch live retirement committee meetings online at www.legis.la.gov. Click on the TV icon f...
Session News #6: Direct funding bill fails to win passage
May 3, 2019
The House Retirement Committee met yesterday and considered House Bill 19 (Rep. Pearson). The bill, which failed to pass out of committee, would have removed certain initial unfunded accrued liability (IUAL) payments attributable to K-12 employers from the minimum foundation program (MFP) funding and provided for direct payments of such funds to TRSL. In other legislative news: Term limits bill may be reconsidered at a late...
Session News #5: Retirement bills to be heard next week
Apr 26, 2019
The Senate Retirement Committee is scheduled to meet at 1 p.m., Monday, April 29 (agenda) where it will reconsider Senate Bill 14 (Sen. Peacock). In its current posture, the bill would limit the ability of elected board members of state/statewide retirement systems from running for a term that would allow that board member to serve more than 12 or 15 consecutive years, depending on the board term. Also next week, the House Retirement Committee...