Legislative Session News Archive
Regular Session News #6: COLA bill moves through committee; ORP bill temporarily deferred
Aug 1, 2016
The Senate retirement committee met on Monday, April 4 and voted to favorably report the following bills. Senate Bill 2 (Peacock) would provide up to a 1.5% permanent benefit increase (also known as a COLA) to eligible retirees of TRSL and LASERS and up to a 2.0% permanent benefit increase for eligible LSERS and State Police retirees. Amendments were adopted that tie its passage to other bills dealing with system funding (SB 5 and SB 18), whi...
Regular Session News #9: Senate chamber passes COLA bill
Aug 1, 2016
The Senate unanimously passed Senate Bill 2 today. Sen. Barrow Peacock, chair of the Senate retirement committee, sponsored the bill; 21 other senators signed on to co-author the legislation before its passage on the Senate floor. The legislation would grant a 1.5% permanent benefit increase (also known as a COLA) on the first $60,000 of the retirement benefit to eligible TRSL retirees and beneficiaries. The amendment ties the legislation&rsqu...
Regular Session News #10: Service credit purchase, return-to-work, and new COLA bills pass House retirement
Jul 1, 2016
The following bills made it through the House retirement committee today and move to the House floor for consideration: House Bill 13 (Pearson): Allows TRSL members to purchase credit for teaching service at an out-of-state nonpublic school. Technical amendments to the bill were adopted. House Bill 14 (Pearson): As amended, replaces the chair of the House retirement committee with any member of that committee appointed by the House sp...
Regular Session News #28: Legislative Session - Week in Review
Jun 24, 2016
Gov. John Bel Edwards recently signed into law several pieces of legislation from the regular session that affect TRSL: House Bill 14, now Act 621 (Pearson) replaces the chair of the House retirement committee with any member of the committee appointed by the House speaker to serve on each state and statewide retirement board. House Bill 603, now Act 679 & House Bill 696, now Act 639 (Leger) proposes that a constitutional amendment be p...