Legislative Session News Archive
Regular Session News #7: 2016 Legislative Session - Week in review
Apr 1, 2016
This week, the Senate retirement committee reported favorably three bills sponsored by Sen. Barrow Peacock. Senate Bill 2 would grant a 1.5% permanent benefit increase (also known as a COLA) to eligible TRSL retirees and beneficiaries; Senate Bill 18 would clarify provisions created in Act 399 of 2014 regarding excess investment earnings, employer contributions, and cost-of-living adjustments (COLAs); and Senate Bill 372 would...
Regular Session News#17: Bills affecting TRSL deferred
Apr 1, 2016
In the House retirement committee yesterday, the following bills that would have significantly changed the structure and authority of the TRSL Board of Trustees were voluntarily deferred by the sponsoring lawmaker, Rep. Barry Ivey. House Bill 48 (Ivey) would add five citizen trustees unaffiliated with TRSL to the TRSL Board to be chosen by the Senate president, House speaker, and legislative auditor. House Bill 917 (Ivey) would remove the i...
Regular Session News #18: House passes trio of bills necessary for July 1 COLA
Apr 1, 2016
The House yesterday unanimously passed three Senate bills that, taken together, allow payment of 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 on July 1. All three bills are sponsored by Sen. Barrow Peacock, chair of the Senate retirement committee. They are as follows: Senate Bill 2 authorizes payment of the 1.5% COLA and was contingen...
Regular Session News #16: Bills seek to change TRSL Board structure and authority
Mar 1, 2016
The House retirement committee is scheduled to meet at 9 a.m., Thursday, May 5. The following bills, which could impact TRSL, are on the agenda for consideration and are all sponsored by Rep. Barry Ivey: House Bill 48 (Ivey) would add five citizen trustees unaffiliated with TRSL to the TRSL Board to be chosen by the Senate president, House speaker, and legislative auditor. House Bill 52 (Ivey) would add four new members to Public Reti...