The 2023 Regular Legislative Session will convene at noon on Monday, April 10. Final Adjournment will be no later than 6:00 p.m. on Thursday, June 8.
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2022 Bills Affecting TRSL
Bill No. | Author | Description | Status | Board Position |
Permanent Benefit Increase (PBI) | ||||
SB 6 | Sen. Edward J. “Ed” Price | TEACHERS RETIREMENT: Grants a permanent benefit increase to eligible system retirees and beneficiaries. | Act 657 | Support |
Return to Work (RTW) | ||||
HB 22 | Rep. Rick Edmonds | RETIREMENT/TEACHERS: Provides relative to the reemployment of retired teachers in the Teachers' Retirement System of Louisiana. | Did Not Pass | Neutral |
HB 26 | Rep. Troy D. Romero | RETIREMENT/TEACHERS: Provides relative to salaries of reemployed teachers in the Teachers' Retirement System of Louisiana. | Did Not Pass | No Position |
HB 30 | Rep. Larry Frieman | RETIREMENT/TEACHERS: Provides relative to the reemployment of retired teachers in the Teachers' Retirement System of Louisiana. | Did Not Pass | Oppose |
HB 835 | Rep. Jack McFarland | RETIREMENT/TEACHERS: Provides relative to the reemployment of contract teachers in the Teachers' Retirement System of Louisiana | Did Not Pass | |
HB 1021 | Rep. Jack McFarland | RETIREMENT/TEACHERS: Provides for the reemployment of retirees of the Teachers' Retirement System of Louisiana in a critical shortage position | Act 601 | Neutral |
SB 419 | Sen. Stewart Cathey, Jr. | TEACHERS RETIREMENT: Provides relative to the reemployment of certain retirees. | Did Not Pass | Oppose |
SB 425 | Sen. Rick Ward, III | TEACHERS RETIREMENT: Provides for reemployment of retirees to address certain critical teacher shortages. | Did Not Pass | Neutral |
SB 434 | Sen. Cleo Fields | TEACHERS RETIREMENT: Provides relative to the reemployment of retirees to meet critical shortage needs. | Act 549 | Neutral |
Optional Retirement Plan | ||||
SB 10 | Sen. Jay Morris Sen. Jay Luneau |
TEACHERS RETIREMENT: Allows an optional retirement plan participant to transfer to the defined benefit plan on an actuarial basis. | Did Not Pass | No Position |
Investments | ||||
HB 25 | Rep. Danny McCormick | RETIREMENT SYSTEMS: Prohibits retirement systems from investing in companies that boycott energy companies. | Did Not Pass | Oppose |
HR 137 | Rep. Edmond Jordan | RETIREMENT SYSTEMS: Requests the state and statewide retirement systems to invest in companies that practice diversity, equity, and inclusion | Did Not Pass |
|
Payments Toward UAL | ||||
HB 29 | Rep. Richard Nelson | APPROPRIATIONS: (Constitutional Amendment) To require the legislature to appropriate no less than fifty percent of nonrecurring state revenues for application to certain state retirement system unfunded accrued liability | Did Not Pass | Support |
HB 592 | Rep. Jerome Zeringue | APPROPRIATIONS/SUPPLEML: Makes supplemental appropriations for Fiscal Year 2021-2022 | Act 170 | Support |
Supplemental Benefit Payment | ||||
HB 31 | Rep. Phillip Tarver | RETIREMENT/STATE SYSTEMS: (Constitutional Amendment) Dedicates a certain amount of state nonrecurring revenue to state retirement systems for supplemental benefit payments | Did Not Pass | Support |
HB 32 | Rep. Phillip Tarver | RETIREMENT/STATE SYSTEMS: Provides relative to the duties of the Public Retirement Systems' Actuarial Committee | Did Not Pass | Support |
WEP/GPO | ||||
HCR 11 | Rep. Mike Johnson | CONGRESS: Provides relative to the Government Pension Offset and Windfall Elimination Provision | Sent to the Secretary of State | Support |
2022 Legislative Session
Regular Session News #18: End of session delivers a benefit increase and return-to-work changes
Jun 8, 2022
The 2022 Regular Session, which began March 14, ended Monday. Four bills impacting TRSL received final legislative passage with three awaiting action by the governor. Here’s a look at them. Permanent Benefit Increase Senate Bill 6 (Sen. Price) grants a 2% permanent benefit increase (PBI), payable on July 1, 2022, to eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit...
Regular Session News #17: Benefit increase receives final legislative passage; heads to governor
Jun 1, 2022
Today, the full House unanimously passed Senate Bill 6 (Sen. Price), which would authorize a 2% permanent benefit increase (PBI) for eligible TRSL retirees, beneficiaries, and survivors calculated on the first $68,396 of their annual retirement benefit. The PBI would be payable on July 1, 2022. Senate Bill 6 now heads to the Governor’s desk for signature. Senate Bill 6 provides that individuals who meet the following criteria on Ju...