| 2018 Legislation Affecting TRSL | ||||
| Bill No. | Author | Summary | Status | Board Position |
| New Benefit Structure (Hybrid Plan) | ||||
|---|---|---|---|---|
| HB 39 | Rep. Barry Ivey | Establishes a hybrid retirement benefit structure for members of the state retirement systems first hired on or after July 1, 2020 | Failed to Pass | Oppose |
| Investments/Investment Fees | ||||
| SB 530 | Sen. John Milkovich | Provides for reduction of investment fees and allocation of savings. | Failed to Pass | Oppose |
| HB 23 | Rep. Barry Ivey | Provides for a limitation on investment portfolio allocation to alternative investments | Failed to Pass | Oppose |
| HB 34 | Rep. Kevin Pearson | Provides relative to the use of terror-free index funds by the state and statewide retirement systems | Act 45 | Neutral |
| Membership (Charter School Teachers) | ||||
| HB 25 | Rep. Kevin Pearson | Provides relative to participation of charter school employees in the Teachers' Retirement System of Louisiana | Failed to Pass | Support |
| Membership (Retention) | ||||
| SB 6 | Sen. Barrow Peacock | Provides that an employee that moves to a position covered by the Clerks' of Court Retirement and Relief Fund cannot retain TRSL membership even if the employee has five years of service credit in TRSL | Act 342 | Neutral |
| Board Actuary Duties | ||||
| SB 4 | Sen. Barrow Peacock | Provides for the independence of state and statewide retirement systems' actuaries | Act 347 | Neutral |
| Public Retirement Systems' Actuarial Committee (PRSAC) | ||||
| SB 13 | Provides for the Public Retirement Systems' Actuarial Committee | Act 399 | Neutral | |
| HB 11 | Rep. Barry Ivey | Imposes on the Public Retirement Systems' Actuarial Committee a fiduciary duty to the state and statewide retirement systems | Failed to Pass | Neutral |
| HB 12 | Rep. Barry Ivey | Requires the Public Retirement Systems' Actuarial Committee to report to the legislature | Failed to Pass | Neutral |
| HB 21 | Rep. Barry Ivey | Adds members to the Public Retirement Systems' Actuarial Committee | Failed to Pass | Oppose |
| HB 24 | Rep. Barry Ivey | Requires actuaries to submit uniform reports of actuarial assumptions to the Public Retirement Systems' Actuarial Committee | Failed to Pass | No Position Taken Yet |
| Funding/Employer Contributions | ||||
| HB 22 | Rep. Barry Ivey | Sets minimum employer contributions and provides for funding deposit accounts for each state retirement system | Failed to Pass | Neutral |
| Return to Work | ||||
| HB 13 | Rep. Gregory Miller | Provides relative to the reemployment of retirees of the Teachers' Retirement System of Louisiana | Act 613 | Neutral |
| HB 14 | Rep. Patricia Smith | Provides relative to the reemployment of retired interpreters, educational transliterators, and certified educators of the hearing impaired in positions covered by the Teachers' Retirement System of Louisiana | Act 492 | Neutral |
| HB 696 | Rep. Kevin Pearson | Provides relative to the reemployment of retirees of the Teachers' Retirement System of Louisiana | Failed to Pass | Neutral |
| HCR 82 | Rep. Larry Bagley | Creates a task force to study issues relative to the employment of retired teachers to meet teacher shortages in public schools | Failed to Pass | |
| Military Service Credit | ||||
| SB 17 | Sen. Barrow Peacock | Provides for harmonization of federal and state law regarding creditable service for military time at La. retirement systems | Act 225 | Support |
| UAL Funding | ||||
| SR 248 | Sen. Dan Morrish | Requests the State Board of Elementary and Secondary Education to explain how the minimum foundation program is calculated to ensure funding of the unfunded accrued liability. | Sent to the Secretary of State | |
2018 Legislative Session
Regular Session News #16: Find out what happened to legislation affecting TRSL
May 21, 2018
The 2018 regular session ended Friday. Here's where bills affecting TRSL stand: LEGISLATION THAT PASSED: Return to work HB 13 (Rep. Miller) was signed by the Speaker and will be sent to the governor. If enacted, it would add presenter of professional development and tutor for any student in PreK through twelfth grade to the list of "re-employment eligible positions" allowing retirees to return to work and continu...
Regular Session News #15: Pension bills move forward; second special session ahead
May 15, 2018
The full Senate yesterday passed HB 14 (Rep. Smith), which would add full-time interpreter, educational transliterator, or educator of the deaf or hard of hearing and full- or part-time PreK teachers to the list of “re-employment eligible critical shortage positions” allowing retirees to return to work without a reduction of benefits (after the required waiting period and certification of shortage). HB 14 is now pending...
Helpful Links
TRSL Legislative Session News Archives Louisiana State Legislature U.S. House of Representatives U.S. Senate Library of Congress (Track federal legislation)