Legislative Session News Archive
Regular Session News #3: Proposed benefit increase clears first legislative hurdle
Mar 28, 2022
The Senate Retirement Committee met today and reported Senate Bill 6 (Sen. Price) favorably. Senate Bill 6 authorizes 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%...
Regular Session News #2: Senate Retirement Committee to consider PBI and ORP bills Monday
Mar 25, 2022
The Senate Retirement Committee is scheduled to meet at 9 a.m., Monday, March 28 (agenda). The committee will consider 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. Individuals who meet the following criteria on June 30, 2022, would b...
Regular Session News #1: 2022 Regular session starts Monday; several bills affect TRSL
Mar 11, 2022
The 2022 Regular Legislative Session begins Monday, March 14, and TRSL is monitoring the following bills that could impact the retirement system and its members: Senate bills affecting TRSL Senate Bill 6 (Sen. Price) would authorize a 2% permanent benefit increase (PBI) to eligible TRSL retirees, beneficiaries, and survivors based on the first $68,396 of their annual retirement benefit, beginning July 1, 2022. Senate Bill 10 (S...
Regular Session News #15: End of session - Here’s what happened
Jun 11, 2021
The 2021 Regular Session, which began April 12, ended yesterday. Three bills and one resolution impacting TRSL passed. Here’s a look at them. Permanent Benefit Increase Act 37 [Senate Bill 24] (Sen. Price) grants a minimum benefit increase to certain retirees, beneficiaries, and survivors of TRSL as well as the retirement systems for state employees, school employees, and state police. TRSL retirees who meet all of the foll...