Legislative Session News Archive
Regular Session News #9: Two House RTW bills move to the full House
Apr 20, 2022
Today, the House Retirement Committee reported the following RTW bills favorably: House Bill 22 (Rep. Edmonds), as amended, would increase the earnings limit per fiscal year to 50% of the retiree’s final average compensation (FAC) under Option 1 of the 2020 RTW law for retirees who retired before December 31, 2021. The earnings limit would be in effect from July 1, 2022, through June 30, 2025, after which it would revert to the current ...
Regular Session News #8: Full Senate passes amended RTW bill
Apr 18, 2022
Last week, the full Senate passed Senate Bill 434 (Sen. Fields) with amendments. In addition to changes related to postsecondary education, as outlined below, the amendments extended the sunset of certain provisions to July 1, 2027. This bill, which would make changes to the 2010 and 2020 RTW laws, proposes to: allow retirees subject to the 2010 RTW law after a 12-month waiting period (who did not retire based on disability), to be directly r...
Regular Session News #7: Senate Retirement Committee moves amended RTW bill
Apr 12, 2022
The Senate Retirement Committee met yesterday to consider three return-to-work (RTW) bills. Senate Bill 434 (Sen. Fields) was reported favorably as amended. This bill would make changes to the 2010 and 2020 RTW laws. As amended, the bill proposes to: allow retirees subject to the 2010 RTW law, after a 12-month waiting period, to be directly re-employed without a suspension or reduction in retirement benefit through June 30, 2025, if: 1) th...
Regular Session News #6: PBI bill heads to House Retirement; Senate RTW bills to be heard Monday
Apr 8, 2022
On Wednesday, the full Senate passed Senate Bill 6 (Sen. Price), which would authorize a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. If this legislation is enacted, individuals who meet the following criteria on July 1, 2022, would be granted a 2% monthly benefit increase: ...