TRSL will be closed Friday, March 28, for Good Friday. Normal business hours will resume Monday, April 1. 

Regular Session News #10: House passes trio of return-to-work bills

Apr 25, 2018

This week, the full House passed the following three bills affecting TRSL return-to-work retirees. They now head to the Senate retirement committee for consideration. 
  • HB 13 (Rep. Miller) would add presenter of professional development to the list of “re-employment eligible positions” allowing retirees to return to work and continue to receive a benefit check (after the required waiting period), subject to a 25% of annual benefit earnings limit. 
 
  • HB 696 (Rep. Pearson) would add tutor for any student in Pre-K through twelfth grade to the list of “re-employment eligible positions” allowing retirees to return to work and continue to receive a benefit check (after the required waiting period), subject to a 25% of annual benefit earnings limit. 
 
  • HB 14 (Rep. Smith) would do the following:
Add interpreter, educational transliterator, or educator of the deaf or hard of hearing and full- or part-time pre-K 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);

Add clerical office positions in K-12 schools to the list of “re-employment eligible positions” allowing retirees to return to work (after the required waiting period), subject to a 25% of annual benefit earnings limit; and

Add retirees who have been retired for at least five years to the definition of “re-employment eligible retiree” who can return to work (after the required waiting period) without a reduction of benefits. This would replace the current law’s grandfather provision requiring retirement on or before June 30, 2010.
 


In the Senate

The Senate retirement committee deferred hearing House Bill 12 until next week. The legislation, sponsored by Rep. Barry Ivey, would require PRSAC to submit to the legislature the final approved valuation for each public retirement system and all additional assumptions and valuations it receives. It also requires the legislative auditor to prepare and submit to the legislature and House and Senate retirement committees a summary of all disparities between the various assumptions and valuations presented to PRSAC for each system.
 

A complete list of legislation affecting TRSL, along with the positions taken by the TRSL Board of Trustees for each bill, is available on the legislation page of our website, www.TRSL.org.
 
 
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