Session News #3: Recap of Week 1 at the Legislature; a look ahead to Week 2
Apr 12, 2019This week, a bill that would establish term limits for the TRSL Board of Trustees and other state and statewide retirement systems was amended and deferred in the Senate Retirement Committee.
Senate Bill 14 would limit the ability of elected board members of state/statewide retirement systems from running for a term that would allow that board member to serve more than 12 consecutive years. Before being deferred, the following amendments to the bill were approved:
- Allow an elected member of a board with five-year terms to serve 15 consecutive years;
- Exclude the year(s) that a board member is elected to fill an unexpired term (due to a vacancy) from the consecutive year limit; and
- Make the law prospective only.
What’s ahead in Week 2
The next Senate retirement committee meeting is scheduled for 3 p.m., Monday, April 15. TRSL is monitoring the following item on the meeting’s agenda:
- House Concurrent Resolution 20 (Rep. Jones) requests that congress consider eliminating the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Social Security benefit reductions.
Tune in & watch live:
You can watch live retirement committee meetings online at www.legis.la.gov. Click on the TV icon for any meeting in progress that you'd like to view. Archived broadcasts are available here.