Legislative Session News Archive
Regular Session News #7: 2016 Legislative Session - Week in review
Apr 1, 2016
This week, the Senate retirement committee reported favorably three bills sponsored by Sen. Barrow Peacock. Senate Bill 2 would grant a 1.5% permanent benefit increase (also known as a COLA) to eligible TRSL retirees and beneficiaries; Senate Bill 18 would clarify provisions created in Act 399 of 2014 regarding excess investment earnings, employer contributions, and cost-of-living adjustments (COLAs); and Senate Bill 372 would...
Regular Session News #16: Bills seek to change TRSL Board structure and authority
Mar 1, 2016
The House retirement committee is scheduled to meet at 9 a.m., Thursday, May 5. The following bills, which could impact TRSL, are on the agenda for consideration and are all sponsored by Rep. Barry Ivey: House Bill 48 (Ivey) would add five citizen trustees unaffiliated with TRSL to the TRSL Board to be chosen by the Senate president, House speaker, and legislative auditor. House Bill 52 (Ivey) would add four new members to Public Reti...
Regular Session News #13: COLA, return-to-work bills pass full House
Feb 1, 2016
The House passed House Bill 32 (Jones) yesterday which grants a 1.5% benefit increase to eligible TRSL retirees and beneficiaries on July 1. Refer to www.TRSL.org for information about eligibility requirements. The House also passed a pair of bills that affect the state’s return-to-work law. House Bill 60 (Miguez) adds “school nurse” to the list of retirees who can return to work and continue to receive a benefit check,...
Regular Session News #14: COLA, return-to-work, & funding bills pass another hurdle
Feb 1, 2016
The House retirement committee met today and favorably reported Senate Bill 2, as amended, sponsored by Sen. Peacock, which authorizes payment of a 1.5% permanent benefit increase (also known as a COLA), on the first $60,000 of the retirement benefit to eligible TRSL retirees and beneficiaries. The amendment was related to the Louisiana State Police Retirement System (LSPRS). This bill’s passage is tied to the following other legislation al...