Regular Session News #6: Retirement bills continue to move forward
May 18, 2020
Two bills that would affect TRSL received final passage in the full House on Friday, May 15.
- House Bill 8 (Rep. Bourriaque) would waive the 25% cap on earnings (per fiscal year) for re-employed retirees hired as PreK-12 substitute classroom teachers.
- House Bill 10 (Rep. Edmonds) would change the computation of average compensation (for purposes of calculating retirement benefits) when a member has an interruption in service of more than 10 years.
In other legislative news:
Last week, the full Senate passed two resolutions affecting TRSL:
- Senate Resolution 15 (Sen. Price) requests the state retirement systems report to the legislature on alternative methods for providing permanent benefit increases to retirees. SR 15 now awaits the signature of the Senate President before being sent to the Secretary of State.
- Senate Concurrent Resolution 34 (Sen. Mizell) requests that Congress consider eliminating the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Social Security benefit reductions. SCR 34 has now been referred to the House Retirement Committee. The committee will consider the resolution at 1 p.m. on Wednesday, May 20.
You can view all meeting schedules and agendas on the Louisiana State Legislature website. Visit the “Legislation” page of our website to see all legislation impacting the retirement system.
Stay tuned for future updates.