Legislative Session News Archive
Session News #4: Senate and House adopt resolutions on Social Security Offsets
Apr 17, 2019
The Senate unanimously adopted House Concurrent Resolution 20 (Rep. Jones) and the House unanimously adopted Senate Concurrent Resolution 34 (Sen. Mizell), both of which request that Congress consider eliminating the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Social Security benefit reductions. Both concurrent resolutions now await the signature of the Speaker of the House and the Senate President before being...
Session News #3: Recap of Week 1 at the Legislature; a look ahead to Week 2
Apr 12, 2019
This week, a bill that would establish term limits for the TRSL Board of Trustees and other state and statewide retirement systems was amended and deferred in the Senate Retirement Committee. Senate Bill 14 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 consecutive years. Before being deferred, the following amendments to th...
Session News #2: Board term limits bill deferred in Senate Retirement Committee
Apr 9, 2019
A bill that would establish term limits for the TRSL Board of Trustees and other state and statewide retirement systems was deferred by its author at this morning’s Senate Retirement Committee meeting. Senate Bill 14 (Sen. Peacock) 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 consecutive years. Before the bill wa...
Session News #1: Legislative session starts Monday, several bills would affect TRSL
Apr 5, 2019
The 2019 Regular Legislative Session starts Monday, and the following three bills affecting TRSL and its members have been filed. House Bill 19 (Rep. Pearson) would remove certain initial unfunded accrued liability (IUAL) payments attributable to K-12 employers from the minimum foundation program (MFP) funding, and instead provide for direct payments of such funds to TRSL. House Bill 28 (Rep. Ivey) would establish a hybrid retirem...