Legislative Session News Archive
Regular Session News #11: House Retirement meets Thursday to hear proposed permanent benefit increase, RTW changes
Apr 29, 2022
The House Retirement Committee is scheduled to meet at 9:30 a.m. on Thursday, May 5 (agenda) to consider the TRSL permanent benefit increase (PBI) bill and a return-to-work (RTW) bill: Senate Bill 6 (Sen. Price) would authorize a 2% PBI for eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. If this legislation is enacted, in...
Regular Session News #10: House Appropriations favorably reports two proposed constitutional amendments affecting TRSL
Apr 25, 2022
Today, the House Appropriations Committee favorably reported the following two bills affecting TRSL: House Bill 31 (Rep. Tarver), a constitutional amendment, as amended would allow the legislature to appropriate monies from the balance of nonrecurring state revenue (after certain allocations) to fund a one-time supplemental benefit to retirees, beneficiaries, and survivors of the four state retirement systems: TRSL, Louisiana State Emplo...
Regular Session News #9: Two House RTW bills move to the full House
Apr 20, 2022
Today, the House Retirement Committee reported the following RTW bills favorably: House Bill 22 (Rep. Edmonds), as amended, would increase the earnings limit per fiscal year to 50% of the retiree’s final average compensation (FAC) under Option 1 of the 2020 RTW law for retirees who retired before December 31, 2021. The earnings limit would be in effect from July 1, 2022, through June 30, 2025, after which it would revert to the current ...
Regular Session News #8: Full Senate passes amended RTW bill
Apr 18, 2022
Last week, the full Senate passed Senate Bill 434 (Sen. Fields) with amendments. In addition to changes related to postsecondary education, as outlined below, the amendments extended the sunset of certain provisions to July 1, 2027. This bill, which would make changes to the 2010 and 2020 RTW laws, proposes to: allow retirees subject to the 2010 RTW law after a 12-month waiting period (who did not retire based on disability), to be directly r...