Legislative Session News Archive
Regular Session News #14: COLA, return-to-work, & funding bills pass another hurdle
Feb 1, 2016
The House retirement committee met today and favorably reported Senate Bill 2, as amended, sponsored by Sen. Peacock, which authorizes 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. The amendment was related to the Louisiana State Police Retirement System (LSPRS). This bill’s passage is tied to the following other legislation al...
Regular Session News #13: COLA, return-to-work bills pass full House
Feb 1, 2016
The House passed House Bill 32 (Jones) yesterday which grants a 1.5% benefit increase to eligible TRSL retirees and beneficiaries on July 1. Refer to www.TRSL.org for information about eligibility requirements. The House also passed a pair of bills that affect the state’s return-to-work law. House Bill 60 (Miguez) adds “school nurse” to the list of retirees who can return to work and continue to receive a benefit check,...
Regular Session News #15: Action taken on several House bills affecting TRSL
Feb 1, 2016
The House yesterday unanimously passed an amended House Bill 621 by Rep. Barry Ivey. The legislation would allow the legislative auditor and his designated agent(s) to access the records of vendors that provide actuarial and investment services to TRSL. The bill was amended to require designated agent(s) to comply with any statutory restrictions on materials considered by law to be confidential. The House also unanimously passed House Bill 109...
Session News #22: COLA bill vetoed
Jun 19, 2015
House Bill 42 (Rep. Jones) was vetoed by Gov. Bobby Jindal today. The bill would have authorized a cost-of-living adjustment (COLA) of up to 1.5% to eligible TRSL retirees and beneficiaries, effective July 1, 2015. The legislation also contained several pension reform provisions.