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| 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 | House Retirement Committee | Oppose |
| Investments/Investment Fees | ||||
| SB 530 | Sen. John Milkovich | Provides for reduction of investment fees and allocation of savings. | Voluntarily Deferred | Oppose |
| HB 23 | Rep. Barry Ivey | Provides for a limitation on investment portfolio allocation to alternative investments | Voluntarily Deferred | Oppose |
| HB 34 | Rep. Kevin Pearson | Provides relative to the use of terror-free index funds by the state and statewide retirement systems | Pending Senate Final Passage | 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 | House Retirement Committee | 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 | House Retirement Committee | Neutral |
| Board Actuary Duties | ||||
| SB 4 | Sen. Barrow Peacock | Provides for the independence of state and statewide retirement systems' actuaries | House Retirement Committee | Neutral |
| Public Retirement Systems' Actuarial Committee (PRSAC) | ||||
| SB 13 | Provides for the Public Retirement Systems' Actuarial Committee | House Retirement Committee | Neutral | |
| HB 11 | Rep. Barry Ivey | Imposes on the Public Retirement Systems' Actuarial Committee a fiduciary duty to the state and statewide retirement systems | Voluntarily Deferred | Neutral |
| HB 12 | Rep. Barry Ivey | Requires the Public Retirement Systems' Actuarial Committee to report to the legislature | Senate Retirement Committee | Neutral |
| HB 21 | Rep. Barry Ivey | Adds members to the Public Retirement Systems' Actuarial Committee | Voluntarily Deferred | Oppose |
| HB 24 | Rep. Barry Ivey | Requires actuaries to submit uniform reports of actuarial assumptions to the Public Retirement Systems' Actuarial Committee | Voluntarily Deferred | 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 | House Retirement Committee | Neutral |
| Return to Work | ||||
| HB 13 | Rep. Gregory Miller | Provides relative to the reemployment of retirees of the Teachers' Retirement System of Louisiana | Pending House Final Passage | 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 | Pending House Final Passage | Neutral |
| HB 696 | Rep. Kevin Pearson | Provides relative to the reemployment of retirees of the Teachers' Retirement System of Louisiana | Pending House Final Passage | Neutral |
| 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 | Pending House Floor Action | Support |
2018 Legislative Session
Regular Session News #9: Military service credit bill gets nod in House retirement; what's coming up next week
Apr 20, 2018
The House retirement committee passed SB 17 by Sen. Barrow Peacock earlier this week. The bill would create consistency among state and statewide retirement systems in the application of state and federal law related to military service credit purchases. SB 17 will now be considered by the full House. Coming up next week The Senate retirement committee is scheduled to meet at 9 a.m., Monday, April 23. The following bill affecting TR...
Regular Session News #8: Senate retirement moves one investments-related bill forward
Apr 17, 2018
The Senate retirement committee met yesterday afternoon and passed the following bill related to the investments of state and statewide retirement systems: HB 34 (Rep. Pearson) would allow state and statewide retirement systems to allocate a portion of their investments to a terror-free fund rather than a terror-free index fund as currently required by law. This bill will now be considered by the full Senate. The ...
Helpful Links
TRSL Legislative Session News Archives Louisiana State Legislature U.S. House of Representatives U.S. Senate Library of Congress (Track federal legislation)