Legislative Session News Archive
Regular Session News #18: Governor signs return-to-work bill into law
May 31, 2024
House Bill 967 (Rep. Riser) was signed into law by the governor this week, becoming Act 394. The new law creates additional opportunities for TRSL retirees to return to work in a TRSL-eligible position without the suspension or reduction of their retirement benefits, but subject to a 12-month waiting period. Summary of Act 394: For retirees who retired before July 1, 2020: Allows these retirees to return to work part-time&nb...
Regular Session News #17: Proxy voting bill deferred in Senate Retirement
May 20, 2024
Today, the Senate retirement committee deferred House Bill 981 (Rep. Melerine). HB 981 would have added restrictions related to proxy voting on shareholder-sponsored proposals for Louisiana public retirement systems. In other news… Act 46 [Senate Bill 1] (Sen. Price), which adds clarifying language in the law related to employer contributions eligible for transfer to another Louisiana public retireme...
Regular Session News #16: Senate passes RTW bill; Proxy voting bill goes to Senate Retirement Monday
May 17, 2024
On Thursday, the full Senate unanimously passed House Bill 967 (Rep. Riser). HB 967 would add critical shortage provisions in the RTW law for retirees who retired on or after July 1, 2020. The bill would also expand critical shortage provisions to allow for part-time re-employment in certain positions for all retirees. For details on the provisions of House Bill 967, please read our May 3 Legislative Update. HB 967 now goes to t...
Regular Session News #15: Senate passes ORP bill
May 15, 2024
On Monday, the full Senate passed House Bill 31 (Rep. Frieberg), which would provide a window for active, contributing Optional Retirement Plan (ORP) participants to join the TRSL defined benefit plan. The ORP is a defined contribution retirement plan similar to a 401(k). The bill now goes to the governor for his consideration. If enacted, the legislation will do the following: For active, contribut...