Legislative Session News Archive
Regular Session News #22: Senate finance okays COLA bill; return-to-work bills
May 26, 2016
The Senate finance committee yesterday favorably reported three bills affecting TRSL. House Bill 32 (Jones) grants a 1.5% benefit increase to eligible TRSL retirees and beneficiaries, effective July 1, 2016. Last week, Gov. John Bel Edwards signed Senate Bill 2 (now Act 93) into law which authorizes payment of a 1.5% COLA to eligible TRSL retirees and beneficiaries. If HB 32 is passed by the full Senate and signed by Gov. Edwards, i...
Regular Session News #20: Senate retirement committee meeting coming up
May 1, 2016
The Senate retirement committee is scheduled to meet Thurs., May 19 upon adjournment of the full Senate. The following bills affecting TRSL are on the agenda: HB 14 (Pearson) replaces the chair of the House retirement committee with any member of the committee appointed by the House speaker to serve on each state and statewide retirement board. HB 32 (Jones) grants a 1.5% benefit increase to eligible TRSL retirees and beneficiaries on July ...
Regular Session News #19: 2016 Legislative Session - Week in review
May 1, 2016
In the House retirement committee, House Bill 62, sponsored by Rep. Barry Ivey, was voluntarily deferred by the author. HB 62 would set a minimum employer contribution rate of 20% of payroll for any state retirement system that is less than 100% funded, or if the system was 100% funded but later dropped below 90%; it would also create an account for each system into which excess employer contributions would be deposited under ...
Regular Session News #11: Bills to change retirement plans for new hires to be heard in House Retirement Committee
Apr 15, 2016
The House retirement committee is scheduled to meet at 9 a.m., Thursday, April 21. The following bills, sponsored by Rep. Barry Ivey, are on the agenda: House Bill 45 (Constitutional Amendment) would retain the existing constitutional guarantee of state retirement system benefits only if the benefits are annuitized by the system, and would retain the current prohibition on diminishment or impairment of state retirement benefits only if benefi...