Regular Session News #19: PBI funding bill heads to the governor
Jun 1, 2023
Today, the full House unanimously passed Senate Bill 18 (Sen. Price/co-sponsored by Senate President Cortez) propelling it one step closer to enactment. 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 now heads to the governor’s desk for his consideration.
Other news:
There was no action taken on House Concurrent Resolution 110 (Rep. Miguez) by the Senate Judiciary A Committee on Tuesday. 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 has been scheduled for reconsideration at 1:00 p.m. on Friday, June 2 (agenda).
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