Legislative Session News Archive
3rd Extraordinary Session News #3: UAL payment legislation passes first step; teacher pay raise bill scheduled next week
Nov 8, 2024
Today, the House Ways and Means committee favorably reported House Bill 7 (Rep. Emerson) with amendments. HB 7 would amend the state constitution to allow an additional, one-time payment to the unfunded accrued liability (UAL), which is designed to reduce the employer contribution rate for TRSL-participating employers. The amendments were technical in nature with no substantive effect on the UAL payment proposal. HB 7 now heads to the House...
3rd Extraordinary Session News #2: Lawmakers propose to pay off a significant amount of retirement debt and direct savings to teacher pay raises
Nov 6, 2024
The third special session called this year by Gov. Jeff Landry began today, focusing on multiple measures related to Louisiana’s tax structure. Two bills have been filed that together would pay off a significant amount of retirement debt and fund teacher and other school personnel pay raises. One component of House Bill 7 (Rep. Emerson) proposes to amend the state constitution to allow an additional, one-time payment to the unfunde...
3rd Extraordinary Session News #1: Governor’s call includes one item impacting TRSL
Nov 1, 2024
The 2024 Third Extraordinary Session called by Governor Jeff Landry begins at 3 p.m., Wednesday, November 6 and will focus on a variety of tax reform proposals that would require amending Article VII in the state constitution. While the special session is limited to the 23 items identified in the governor’s call, Item 2 would impact TRSL. Item 2: To legislate relative to the payment of permanent teacher and school personnel pay...
Regular Session News #19: End of session delivers return-to-work and Optional Retirement Plan changes
Jun 5, 2024
The 2024 Regular Session, which began March 11, ended on Monday. TRSL monitored several pieces of legislation having a direct impact on the retirement system and/or its members. Overall, several pieces of legislation impacting TRSL received final legislative passage. Here’s a look at what they do: Return to Work Act 394 [House Bill 967] (Rep. Riser) will allow TRSL retirees, regardless of retirement date, to...