Legislative Session News Archive
Regular Session News #3: Amended PBI funding bill clears first hurdle
Apr 18, 2023
On Monday, the Senate Retirement Committee reported Senate Bill 18 (Sen. Price/co-sponsored by Senate President Cortez) favorably with amendments.SB 18 would establish a new model for providing permanent benefit increases (PBIs) to retirees and beneficiaries of the four state retirement systems for teachers, state employees, school employees, and state police. The new model changes the funding mechanism, granting criteria, and eligi...
Regular Session News #2: Senate Retirement Committee to consider PBI funding bill Monday
Apr 14, 2023
Regular Session News 2: Senate Retirement Committee to consider PBI funding bill Monday The Senate Retirement Committee is scheduled to meet at 1 p.m., Monday, April 17 (agenda). The committee will consider Senate Bill 18 (Sen. Price), which would establish a new model for providing permanent benefit increases (PBIs) to retirees and beneficiaries of the four state retirement systems for teachers, state employees, school employees, an...
Regular Session News #1: 2023 Regular Session starts Monday; four bills affect TRSL
Apr 6, 2023
The 2023 Regular Legislative Session begins Monday, April 10, and TRSL is monitoring the following bills that could impact the retirement system and its members: Senate bill affecting TRSL Senate Bill 18 (Sen. Price) would establish a new model for providing permanent benefit increases (PBIs) to retirees and beneficiaries of the four state retirement systems for teachers, state employees, school employees, and state police. The new ...
Regular Session News #18: End of session delivers a benefit increase and return-to-work changes (copy)
Jun 8, 2022
The 2022 Regular Session, which began March 14, ended Monday. Four bills impacting TRSL received final legislative passage with three awaiting action by the governor. Here’s a look at them. Permanent Benefit Increase Senate Bill 6 (Sen. Price) grants a 2% permanent benefit increase (PBI), payable on July 1, 2022, to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit...