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2013 Regular Session: Louisiana Legislation Affecting TRSL |
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Click on any bill number below. The links will take you to the Louisiana Legislature website where you can view information specific to each bill, including the latest action taken on the bill. |
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Bill No. |
Author |
Summary |
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ACTUARIAL VALUATION METHOD |
SB 4
Withdrawn |
Sen. Guillory |
Provides for use of entry age normal valuation method by Louisiana State Employees' Retirement System (LASERS) and Teachers' Retirement System of Louisiana (TRSL).
TRSL Board position: Support
(withdrawn from the files of the Senate on May 14) |
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UNFUNDED ACCRUED LIABILITY (UAL) |
HB 33
Withdrawn |
Rep. Pearson |
Provides for continued payment of the unfunded accrued liability (UAL) portion of employer contributions after participation ceases.
(withdrawn from the files of the House prior to introduction) |
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HB 666 |
Rep. Pearson |
Requires certain payments from minimum foundation program (MFP) formula funds to the Teachers' Retirement System of Louisiana (TRSL)
TRSL Board position: Support |
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SB 17 |
Sen. Guillory |
Provides relative to funding of state retirement systems by dedicating certain increases in revenue to payment of liabilities of the systems; specifies the application of the payments.
TRSL Board position: Support |
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CASH BALANCE PLAN |
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HCR 2 |
Rep. Harrison |
Suspends provisions of law providing for the Cash Balance Plan in certain retirement systems until the earlier of July 1, 2014, or the occurrence of certain conditions.
TRSL Board position: Support with amendment(s) |
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SCR 1 |
Sen. Cortez |
Suspends provisions of law providing for the Cash Balance Plan in certain retirement systems until July 1, 2014.
TRSL Board position: Support |
HB 68
Now
HB 729 |
Rep. Pearson |
Makes technical and substantive changes to the provisions of the cash balance retirement plan established for new employees of post-secondary education institutions, post-secondary education management boards, or state government positions on or after July 1, 2013.
TRSL Board position: Neutral on original bill
Note: On May 16, a substitute bill for HB 68 was adopted. The substitute bill makes technical and substantive changes to the provisions of the cash balance retirement plan and delays the implementation of the Cash Balance Plan until six months after the state receives a favorable ruling from the Internal Revenue Service (IRS) regarding the Social Security equivalency of the plan. The bill also establishes a 10 percent interest credit cap on a member's Cash Balance Plan account and exempts certain judges from mandatory participation in the Cash Balance Plan. |
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BENEFIT STRUCTURE CHANGES |
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Changes for Current Employees - Final Average Compensation (FAC) |
SB 7
Now
SB 259
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Sen. Peacock |
Provides for a sixty-month final average compensation period for current and future members of state and statewide retirement systems.
TRSL Board position: Oppose the original bill
NOTE: On April 30, SB 7 became SB 259 to establish a five-year FAC for new hires joining the Firefighters Retirement System of Louisiana. |
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Changes for Current Employees - Final Average Compensation (FAC) & Contribution Rate |
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HB 57 |
Rep. Pearson |
Provides for a 60-month final average compensation and incrementally increases the contribution rate by two percent for current and future members of state retirement systems; provides relative to the actuarial liabilities of state retirement systems.
TRSL Board position: Oppose |
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Split Benefit |
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HB 61 |
Rep. Badon |
Provides relative to the establishment of a split benefit calculation for certain members of state and statewide retirement systems when a member's monthly earnings exceed average compensation for the previous 12 months by 30 percent or more.
TRSL Board position: Oppose |
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Payment of Employer Retirement Cost |
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HB 643 |
Rep. Miller |
Provides with respect to the payment of UAL and other retirement obligations from MFP to determine state-funded per pupil allocation for charter schools, course providers, and scholarship schools.
No position taken |
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PERMANENT BENEFIT INCREASE (PBI) |
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SB 11 |
Sen. Guillory |
Provides relative to funding of and eligibility for post-retirement benefit increases for certain state employees and teachers.
TRSL Board position: Oppose |
HB 63
Withdrawn |
Rep. Robideaux |
Approves a cost-of-living adjustment for retirees of each state retirement system.
(withdrawn from the files of the House prior to introduction) |
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RETURN TO WORK
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HB 60 |
Rep. Talbot |
Relative to state and statewide retirement systems, requires the suspension of benefits for re-employed retirees who retire on or after July 1, 2013, and prohibits the accrual of additional benefits during such period.
NOTE: On April 25, a substitute bill for HB 60 was adopted by the House retirement committee that would prohibit the following employers from enrolling new employees in TRSL after July 1, 2013: Louisiana Federation of Teachers, Louisiana Association of Educators, Associated Professional Educators of Louisiana, and Louisiana Resource Center for Educators. The substitute bill contains no references to return-to-work provisions. A new bill number has not been assigned by the full House. |
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LOUISIANA HIGH SCHOOL ATHLETIC ASSOCIATION MEMBERS (LHSAA)-REMOVAL
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HB 53
Now
HB 727
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Rep. Seabaugh |
Removes employees of the Louisiana High School Athletic Association (LHSAA) from eligibility for membership in the Teachers' Retirement System of Louisiana (TRSL) and provides for a refund of employee contributions to those members.
No position taken on original bill
NOTE: On May 8, a substitute bill for HB 53 was adopted that would prohibit the following employers from enrolling new employees in TRSL after September 1, 2013: Louisiana Federation of Teachers, Louisiana Association of Educators, Associated Professional Educators of Louisiana, and Louisiana Resource Center for Educators. The substitute bill contains no references to the Louisiana High School Athletic Association. |
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LSU HEALTH SCIENCES CENTER |
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Transfer of Accrued Benefit |
HB 34
Withdrawn |
Rep. Barrow |
Provides for the transfer of accrued benefits to another qualified plan for certain members of Teachers' Retirement System of Louisiana (TRSL) and Louisiana State Employees' Retirement System (LASERS) under certain conditions.
(withdrawn from the files of the House prior to introduction) |
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Retirement Eligibility |
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HB 35 |
Rep. Barrow |
Provides for retirement eligibility of employees of state hospitals under certain conditions.
TRSL Board position: Oppose |
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OPTIONAL RETIREMENT PLAN (ORP) CONTRIBUTIONS
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SB 16 |
Sen. Long |
Provides for the definition of "regular retirement plan" for higher education employees participating in Teachers' Retirement System of Louisiana (TRSL); relative to employer contributions for the Optional Retirement Plan (ORP) for higher education employees.
TRSL Board position: Neutral |
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TRANSFERS BETWEEN RETIREMENT SYSTEMS |
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SB 14 |
Sen. Martiny |
Provides relative to transfers of service credit between systems and would authorize individuals transferring service credit to a system with a higher accrual rate to elect to purchase the accrual rate of the receiving system by paying all actuarial costs.
TRSL Board position: Neutral |
Administrative Code
