Regular Session News #25: Legislative Session - Week in Review
Jun 3, 2016
The House rejected Senate amendments to a trio of bills affecting the law that governs TRSL retirees who return to work in positions eligible for TRSL membership. The amendments would have increased the waiting period between retirement and returning to work from 12 months to 36 months for non-critical shortage positions for the legislation below. (The re-employment of retirees who have met the 12-month waiting period and returned to work prior to May 15, 2016, would continue to be governed by current law.)- House Bill 907 (LeBas), increases the earnings allowed for TRSL retirees who are re-employed as substitute classroom teachers and filling a vacancy created by extended leave, from 25% of benefit to 50% of benefit.
- House Bill 60 (Miguez), adds “school nurse” to the list of retirees who can return to work and continue to receive a benefit check, subject to a 25% of benefit earnings limitation.
- House Bill 61 (Hoffmann), adds “school psychologist” to the list of full-time critical shortage positions in which a retiree can return to work without a restriction of benefits.
In other action
House Bill 603 and House Bill 696 (Leger) both passed the full Senate with amendments. HB 603 proposes that a constitutional amendment be placed before voters on the November ballot to establish the Revenue Stabilization Trust Fund and to provide for the allocation of mineral revenues. A portion of the mineral revenues allocated in the proposed constitutional amendment would be dedicated to the UAL after certain thresholds are reached. HB 696 (Leger) is companion legislation to HB 603.
Coming up next week
The 2016 Regular Legislative Session ends on Monday at 6 p.m., and the 2016 2nd Extraordinary Session begins at 6:30 p.m.
The Public Retirement Systems' Actuarial Committee (PRSAC) will meet at 9:30 a.m. on Tuesday, June 7. Agenda.
A complete list of legislation impacting TRSL, including the position taken by the TRSL Board of Trustees on each bill, is available on the Legislation page of our website.