3rd Extraordinary Session News #1: Governor’s call includes one item impacting TRSL
Nov 1, 2024
The 2024 Third Extraordinary Session called by Governor Jeff Landry begins at 3 p.m., Wednesday, November 6 and will focus on a variety of tax reform proposals that would require amending Article VII in the state constitution. While the special session is limited to the 23 items identified in the governor’s call, Item 2 would impact TRSL.Item 2: To legislate relative to the payment of permanent teacher and school personnel pay raises by paying down the unfunded accrued liability of the Teachers' Retirement System of Louisiana ("TRSL") and by appropriation, and relative to authority of TRSL regarding calculation of system liabilities and required funding, and amortization.
The special session is scheduled to adjourn no later than 6 p.m., Monday, November 25.
TRSL will keep you informed about the status of retirement-related bills being monitored throughout the special session. You can view all meeting schedules and agendas on the Louisiana State Legislature website. Visit the “Legislation” page of this website, to see any special session legislation impacting the retirement system. Stay tuned for future updates.