Legislative Session News Archive
Regular Session News #2: Bill impacting TRSL investments to be heard Monday
Mar 15, 2024
The Senate Retirement Committee is scheduled to meet at 1:00 p.m., Monday, March 18 (agenda). The committee will consider Senate Bill 5 by Sen. Blake Miguez that would impact TRSL investments and Senate Bill 1 by Sen. Edward J. Price concerning transfers of service credit. Read more about these bills below. Senate Bill 5 (Sen. Miguez) proposes to put in place broad and far-reaching requirements for all fiduciaries of Lou...
Regular Session News #1: 2024 Regular Session starts Monday; five bills affect TRSL
Mar 7, 2024
The 2024 Regular Legislative Session begins at noon on Monday, March 11 and ends at 6 p.m., June 3. This year, the legislature will hold a general session, which means legislators can introduce an unlimited number of bills on any matter except those dealing with taxation or revenue. After session begins, legislators can introduce five additional bills. Retirement-related bills have specific requirements and deadlines, including the p...
Regular Session News #22: Passage of PBI funding bill a highlight of 2023
Jun 9, 2023
The 2023 Regular Session, which began April 10 and ended yesterday, marked a big win for retirees and beneficiaries of the four state retirement systems for teachers, state employees, school employees, and state police. Landmark legislation that creates a new, more predictable model for funding future permanent benefit increases (PBIs) passed with overwhelming support. Overall, four bills impacting TRSL received final legislati...
Regular Session News #21: Senate passes proposed constitutional amendment for future UAL payments; other UAL payment bills still in play
Jun 6, 2023
After being favorably reported by the Senate Finance Committee over the weekend, House Bill 47 (Rep. Nelson) was passed by the full Senate yesterday. HB 47, a proposed constitutional amendment, requires a minimum of 25% of nonrecurring state revenue to be appropriated to the unfunded accrued liabilities (UALs) of the four state retirement systems for teachers, state employees, school employees, and state police, beginning FY 2024-25. HB 47 w...