Legislative Session News Archive
Session News #6: Direct funding bill fails to win passage
May 3, 2019
The House Retirement Committee met yesterday and considered House Bill 19 (Rep. Pearson). The bill, which failed to pass out of committee, would have removed certain initial unfunded accrued liability (IUAL) payments attributable to K-12 employers from the minimum foundation program (MFP) funding and provided for direct payments of such funds to TRSL. In other legislative news: Term limits bill may be reconsidered at a late...
Session News #5: Retirement bills to be heard next week
Apr 26, 2019
The Senate Retirement Committee is scheduled to meet at 1 p.m., Monday, April 29 (agenda) where it will reconsider Senate Bill 14 (Sen. Peacock). In its current posture, the bill would limit the ability of elected board members of state/statewide retirement systems from running for a term that would allow that board member to serve more than 12 or 15 consecutive years, depending on the board term. Also next week, the House Retirement Committee...
Session News #4: Senate and House adopt resolutions on Social Security Offsets
Apr 17, 2019
The Senate unanimously adopted House Concurrent Resolution 20 (Rep. Jones) and the House unanimously adopted Senate Concurrent Resolution 34 (Sen. Mizell), both of which request that Congress consider eliminating the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Social Security benefit reductions. Both concurrent resolutions now await the signature of the Speaker of the House and the Senate President before being...
Session News #3: Recap of Week 1 at the Legislature; a look ahead to Week 2
Apr 12, 2019
This week, a bill that would establish term limits for the TRSL Board of Trustees and other state and statewide retirement systems was amended and deferred in the Senate Retirement Committee. Senate Bill 14 would limit the ability of elected board members of state/statewide retirement systems from running for a term that would allow that board member to serve more than 12 consecutive years. Before being deferred, the following amendments to th...