Legislative Session News Archive
Regular Session News #1: Regular session starts today, many bills would affect TRSL
Nov 1, 2016
The 2016 Regular Legislative Session starts today, and 30 bills that affect TRSL and its members have been filed for this session. A list of legislation impacting TRSL, including the positions taken by the TRSL Board of Trustees on each bill, is available on the Legislation page of our website. Retirement bills are typically heard first in either the House or Senate retirement committees. The chair of the Senate Retirement Committee is Sen. Ba...
Regular Session News #2: Bill affecting TRSL Board meetings passes Senate retirement
Nov 1, 2016
The Senate retirement committee reported Senate Bill 4 favorably to the full Senate today. SB 4, sponsored by Senator Barrow Peacock, gives the TRSL Board of Trustees the limited flexibility to meet at least 10 times per year instead of the current monthly requirement. A list of legislation impacting TRSL, including the positions taken by the TRSL Board of Trustees on each bill, is available on the Legislation page of our website. Upc...
Regular Session News #4: TRSL Board sponsored bill advances
Sep 1, 2016
The Senate retirement committee reported TRSL Board-sponsored bill, Senate Bill 5 (Sen. Barrow Peacock), favorably as amended. SB 5 would include non-investment related administrative expenses in the calculation of the required employer contribution rate. The committee amendment provides for a beginning implementation date in the first fiscal year in which this change will not increase the employer contribution rate. Also, the committee amende...
Regular Session News #5: TRSL and LASERS give joint presentation to House retirement committee
Aug 1, 2016
TRSL Director Maureen Westgard and Cindy Rougeou, LASERS Executive Director, gave a joint presentation today on the state of the systems to the House retirement committee. The presentation highlighted each system's membership, investment, and actuarial information. It also included an overview of the pension reform measures taken over the last 25-plus years with a combined $8 billion in projected long-term savings to the state. In ot...