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2024 Special Session Bills Affecting TRSL
| Bill No. | Author | Description | Status |
| Payments Toward UAL/Teacher Pay Raises | |||
| HB 5 | Rep. Tony Bacala | TEACHERS/SALARY: Requires school systems to provide a salary increase for teachers and other school employees using savings attributable to the state's payment of certain unfunded accrued liability of the Teachers' Retirement System of Louisiana (Item #2) | Act 8 |
| HB 7 | Rep. Julie Emerson | FUNDS/FUNDING: (Constitutional Amendment) Revises Article VII of the Constitution of La. (Items #1, 2, and 7) | Act 1 |
Legislative Session Updates
3rd Extraordinary Session News #7: Senate passes UAL payment bill
Nov 22, 2024
Today, the full Senate amended and passed House Bill 7 (Rep. Emerson). HB 7 seeks to revise the state constitution to require an additional, one-time payment to the unfunded accrued liability (UAL). The proposed payment is designed to reduce the employer contribution rate for TRSL-participating employers. The state treasurer must transfer funds for the one-time UAL payment to TRSL by May 1, 2025. The amendments were unrelated to the one-time U...
3rd Extraordinary Session News #6: UAL payment bill clears another legislative hurdle
Nov 20, 2024
Yesterday, the Senate Revenue and Fiscal Affairs committee reported House Bill 7 (Rep. Emerson) favorably with amendments. HB 7 seeks to revise the state constitution to require an additional, one-time payment to the unfunded accrued liability (UAL). The proposed payment is designed to reduce the employer contribution rate for TRSL-participating employers. While most of the amendments were technical in nature, one amendment added a date &ndash...
Helpful Links
TRSL Legislative Session News Archives Louisiana State Legislature U.S. House of Representatives U.S. Senate Library of Congress (Track federal legislation)