Legislative Session News Archive
Regular Session News #10: Senate retirement committee set to hear TRSL-impacting legislation; Proxy voting bill to be reconsidered
Apr 26, 2024
The Senate retirement committee is scheduled to meet at 10:00 a.m. on Monday, April 29 (agenda). The committee will consider three legislative instruments that would impact TRSL: House Bill 31 (Rep. Freiberg) would provide a window for active, contributing Optional Retirement Plan (ORP) participants to join the TRSL defined benefit plan. The ORP is a defined contribution retirement plan similar to a 401(k). House Bill 967 (Rep. Ri...
Regular Session News #9: Proxy voting bill stays in committee; House okays three legislative instruments affecting TRSL
Apr 19, 2024
On Thursday, the House retirement committee considered a substitute bill for House Bill 902 (Rep. Melerine). The substitute bill, also by Rep. Melerine, would add new restrictions related to proxy voting on shareholder-sponsored proposals and would add new duties and liability to proxy advisory firms working with Louisiana retirement systems. The substitute bill did not advance out of committee. Full House Action:&n...
Regular Session News #8: Proxy voting bill to be heard this week; Congressional hearing on GPO/WEP scheduled for tomorrow
Apr 15, 2024
The House retirement committee is scheduled to meet at 9:30 a.m., Thursday, April 18 where House Bill 902 by Rep. Michael Melerine will be considered (agenda). As currently written, HB 902 proposes to require a commitment from any proxy advisory firm retained by a Louisiana public retirement system to base their voting recommendations for shareholder-sponsored proposals solely on the economic interests of the retirement system. The legis...
Regular Session News #7: Bills proposing changes to retiree reemployment laws and the Optional Retirement Plan advance
Apr 12, 2024
The House retirement committee met yesterday and considered several bills, including return-to-work (RTW) and Optional Retirement Plan (ORP) legislation. The committee favorably reported three bills and one resolution affecting TRSL or its members. A substitute bill for House Bill 35 (Rep. Riser), was proposed by the bill’s author and favorably reported. The substitute bill, which now heads to the full House for consideration, prop...