Session News #17: COLA bill heads to the Senate Finance Committee

Jun 3, 2015

Yesterday, Senate Bill 20 (Sen. Long) achieved concurrence in the full Senate, the final step before being sent to the governor for his signature. SB 20 restructures the state’s return-to-work law and adds to the categories of “retired teachers.” After a 12-month waiting period, individuals classified as “retired teachers” can collect both a retirement benefit and salary upon re-employment.

The Senate also recommitted House Bill 42 (Rep. Jones) to the Senate Finance Committee. HB 42 would provide a permanent benefit increase (also known as a COLA) to eligible retirees of the four state systems. The COLA for eligible TRSL retirees would be 1.5%. 

Still to come

House Bill 10 (Rep. Pearson), which would allow TRSL members to purchase service credit for out-of-state private school teaching service, is still awaiting Senate final passage.

To view a comprehensive list of all legislation affecting TRSL this session, visit the Legislation page of TRSL’s website.