Legislative Session News Archive
Regular Session News #7: Senate Retirement Committee moves amended RTW bill
Apr 12, 2022
The Senate Retirement Committee met yesterday to consider three return-to-work (RTW) bills. Senate Bill 434 (Sen. Fields) was reported favorably as amended. This bill would make changes to the 2010 and 2020 RTW laws. As amended, the bill proposes to: allow retirees subject to the 2010 RTW law, after a 12-month waiting period, to be directly re-employed without a suspension or reduction in retirement benefit through June 30, 2025, if: 1) th...
Regular Session News #6: PBI bill heads to House Retirement; Senate RTW bills to be heard Monday
Apr 8, 2022
On Wednesday, the full Senate passed Senate Bill 6 (Sen. Price), which would authorize a 2% permanent benefit increase (PBI) to 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, individuals who meet the following criteria on July 1, 2022, would be granted a 2% monthly benefit increase: ...
Regular Session News #5: Proposed benefit increase moves to full Senate
Apr 4, 2022
Senate Bill 6 (Sen. Price) cleared another hurdle this morning when the Senate Finance Committee reported it favorably. Senate Bill 6 would authorize a 2% permanent benefit increase (PBI) to 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, individuals who meet the following criteria on July 1, ...
Regular Session News #4: Proposed benefit increase to be heard Monday; House Retirement Committee to meet Thursday
Apr 1, 2022
Senate Bill 6 (Sen. Price) will be considered by the Senate Finance Committee at 9:30 a.m. on Monday, April 4 (agenda). Senate Bill 6 would authorize a 2% permanent benefit increase (PBI) to 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, individuals who meet the following criteria on July 1, ...