Legislative Session News Archive
Session News #21: It's over... 2015 legislative session wrap-up
Jun 12, 2015
The 2015 legislative session ended at 6 p.m. yesterday. Here’s a rundown of what happened to the bills TRSL was monitoring: Bills that passed (need governor’s signature): House Bill 42 (Rep. Jones) would provide a COLA of up to 1.5% to eligible TRSL retirees and beneficiaries, payable July 1, 2015; amendments to the original bill would prohibit putting any excess investment earnings realized this year into the account that fund...
Session News #20: COLA bill update - June 11, 2015
Jun 11, 2015
House Bill 42 (Rep. Jones) would authorize a cost-of-living adjustment (COLA) of up to 1.5% for eligible TRSL retirees and their beneficiaries, effective July 1, 2015. The bill also makes changes that positively impact the long-term funded status of the System. HB 42 awaits action by the Governor. To view a comprehensive list of all legislation affecting TRSL this session, visit the Legislation page of TRSL’s website.
Session News #19: Service credit purchase bill fails to win passage
Jun 9, 2015
House Bill 10 (Rep. Pearson) did not win passage yesterday in the full Senate. The legislation sought to allow TRSL members to purchase service credit for out-of-state, private school teaching service. In the House chamber, Senate Bill 16 (Sen. Guillory) passed with amendments. The bill, which makes technical corrections to Act 399 of 2014, now heads back to the Senate for concurrence with the House amendments. To view a comprehensive list ...
Session News #18: Update on COLA bill
Jun 8, 2015
House Bill 42 (Rep. Jones) was amended and passed in the Senate Finance Committee and on the Senate Floor. In its current form, the bill would authorize a COLA of up to 1.5% for eligible TRSL retirees and beneficiaries, starting July 1, 2016. The date change for the COLA took into account testimony from the Governor’s Office that paying two COLAs in a row would cause concerns for the State’s bond rating agencies. Eligible TRSL reti...