Legislative Session News Archive
Session News #15: Return-to-work law OK'd by House
May 28, 2015
Today, the House unanimously passed Senate Bill 20 (Sen. Long) which restructures the state’s return-to-work law and expands the grandfathered group of “retired teachers” to include individuals who retired on or before June 30, 2010, regardless of whether or not they were rehired by that date. After a 12-month waiting period, individuals classified as “retired teachers” can collect both a retirement benefit and salar...
Session News #14: Bill granting cost-of-living increase wins passage in House
May 27, 2015
The House chamber yesterday voted in favor of House Bill 42 (Rep. Jones) which would grant a 1.5% cost-of-living increase to eligible retirees in TRSL and the three other state retirement systems. HB 42 now heads to the Senate Retirement Committee for consideration. Other news: House Bill 10 (Rep. Pearson) which would allow TRSL members to purchase service credit for out-of-state private school teaching service is subject to cal...
Session News # 13: Recap of Week 6 in the Legislature
May 22, 2015
This week, the Senate Retirement Committee approved a substitute bill for Senate Bill 18 (Sen. Adley). The substitute bill, Senate Bill 285, is also sponsored by Sen. Adley. It proposes to change the method for determining the unfunded accrued liability (UAL) portion of the employer contribution rate by calculating a particularized UAL for higher education employers and K-12 employers. (Under current law, the UAL is shared among all employers.) S...
Session News #12: Substitute bill regarding UAL payments for higher ed moves forward
May 19, 2015
The Senate Retirement Committee met yesterday and took action on the following bills affecting TRSL: The committee accepted and favorably passed a substitute bill for Senate Bill 18 (Sen. Adley), which proposes to change the method for determining the UAL portion of the employer contribution rate by calculating a particularized unfunded accrued liability for higher education employers and K-12 employers. (Under current law, the UAL is shared ...