Regular Session News #3: Senate retirement committee advances Senate Bill 1

Mar 18, 2024

Today, the Senate Retirement Committee favorably reported Senate Bill 1 (Sen. Price). SB 1 would add clarifying language in the law related to employer contributions eligible for transfer to another Louisiana public retirement system when a member requests to transfer their service credit to another system, fund, or plan in which they become eligible for membership. SB 1 now heads to the full Senate for consideration.

Although it was originally scheduled to be considered today, Senate Bill 5 (Sen. Miguez), which proposed broad new requirements related to investments and voting of shares for all fiduciaries of Louisiana’s public retirement systems, will be heard at a future Senate Retirement Committee meeting as yet to be determined.
 

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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 Legislation page of this website, to see all legislation impacting the retirement system.

Stay tuned for future updates.