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2024 Bills Affecting TRSL
Bill No. | Author | Description | Status | Board Position |
Return to Work | ||||
HB 17 | Rep. Charles Owen | RETIREMENT/TEACHERS: Provides relative to the reemployment of contract teachers in the Teachers' Retirement System of Louisiana. | Pending House Retirement | Oppose (as originally filed) |
HB 35 | Rep. Neil Riser | RETIREMENT/TEACHERS: Provides for the reemployment of retirees of the Teachers' Retirement System of Louisiana in critical shortage positions. | Reported by Substitute - Became HB 967 | Oppose (as originally filed) |
HB 967 | Rep. Neil Riser | RETIREMENT/TEACHERS: Provides for the reemployment of retirees of the Teachers' Retirement System of Louisiana in critical shortage positions. [Substitute for HB 35] | Passed the Senate | Neutral |
Optional Retirement Plan (ORP) | ||||
HB 31 | Rep. Barbara Freiberg | RETIREMENT/TEACHERS: Provides relative to the optional retirement plan and defined benefit plan for the Teachers' Retirement System of Louisiana. | Signed by the Senate President | Neutral |
Investments/ESG-Related | ||||
SB 5 | Sen. Blake Miguez | RETIREMENT SYSTEMS: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. | Pending Senate Retirement | Oppose (as originally filed) |
HB 902 | Rep. Michael Melerine | RETIREMENT SYSTEMS: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. | Reported by Substitute - Became HB 981 | Oppose |
HB 981 | Rep. Michael Melerine | RETIREMENT SYSTEMS: Provides relative to public retirement system proxy voting on shareholder sponsored proposals. [Substitute for HB 902] | Pending Senate Retirement | Oppose |
Transfer of Service Credit | ||||
SB 1 | Sen. Edward J. Price | RETIREMENT SYSTEMS: Provides relative to transfers of service credit between systems. | Sent to the Governor | Neutral |
GPO/WEP | ||||
HCR 20 | Rep. Mike Johnson | CONGRESS: Provides relative to the Government Pension Offset and Windfall Elimination Provision. | Sent to the Sec. of State | Support |
Payments Toward UAL | ||||
HB 782 | Rep. Jack McFarland | APPROPRIATIONS/SUPPLEML: Makes supplemental appropriations for Fiscal Year 2023-2024. | Pending Senate Finance |
Legislative Session Updates
Regular Session News #15: Senate passes ORP bill
May 15, 2024
On Monday, the full Senate passed House Bill 31 (Rep. Frieberg), which would provide a window for active, contributing Optional Retirement Plan (ORP) participants to join the TRSL defined benefit plan. The ORP is a defined contribution retirement plan similar to a 401(k). The bill now goes to the governor for his consideration. If enacted, the legislation will do the following: For active, contribut...
Regular Session News #14: ORP and RTW bills await Senate final passage
May 10, 2024
Bills affecting the Optional Retirement Plan (ORP) and return to work (RTW) are scheduled for final approval in the Senate next week. House Bill 31 (Rep. Freiberg) would provide a window for active, contributing ORP participants to join the TRSL defined benefit plan. The ORP is a defined contribution retirement plan similar to a 401(k). For details on the provisions of House Bill 31, please read our April 12 Legislative Update....