Regular Session News #15: House Retirement Committee advances PBI funding bill
May 16, 2023
Today, the House Retirement Committee favorably reported Senate Bill 18 (Sen. Price/co-sponsored by Senate President Cortez). 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. For details on the provisions of SB 18, please read our May 2 Legislative Update. SB 18 will be considered by the House Appropriations Committee next.Additionally, the committee favorably reported House Concurrent Resolution 110 (Rep. Miguez). HCR 110 urges and requests state and statewide retirement systems to avoid the influence of environmental, social, and governance policies when making investment decisions. The resolution will now go to the full House for consideration.
TRSL will keep you informed about the status of bills being monitored throughout the session. You can view all meeting schedules and agendas on the Louisiana State Legislature website. Visit the Legislature page of this website, to see all legislation impacting the retirement system.
Stay tuned for future updates