Legislative Session News Archive
Regular Session News #22: Passage of PBI funding bill a highlight of 2023
Jun 9, 2023
The 2023 Regular Session, which began April 10 and ended yesterday, marked a big win for retirees and beneficiaries of the four state retirement systems for teachers, state employees, school employees, and state police. Landmark legislation that creates a new, more predictable model for funding future permanent benefit increases (PBIs) passed with overwhelming support. Overall, four bills impacting TRSL received final legislati...
Regular Session News #21: Senate passes proposed constitutional amendment for future UAL payments; other UAL payment bills still in play
Jun 6, 2023
After being favorably reported by the Senate Finance Committee over the weekend, House Bill 47 (Rep. Nelson) was passed by the full Senate yesterday. HB 47, a proposed constitutional amendment, requires a minimum of 25% of nonrecurring state revenue to be appropriated to the unfunded accrued liabilities (UALs) of the four state retirement systems for teachers, state employees, school employees, and state police, beginning FY 2024-25. HB 47 w...
Regular Session News #20: Senate Retirement Committee advances UAL payment bill
Jun 2, 2023
With one week left in the 2023 regular session, bills affecting TRSL continue to work their way through the legislative process. After initially failing to win passage in the full House earlier this month, House Bill 47 (Rep. Nelson) was reconsidered and passed by the lower chamber this week. Today, it was favorably reported by the Senate Retirement Committee. HB 47, a proposed constitutional amendment, requires a minimum o...
Regular Session News #19: PBI funding bill heads to the governor
Jun 1, 2023
Today, the full House unanimously passed Senate Bill 18 (Sen. Price/co-sponsored by Senate President Cortez) propelling it one step closer to enactment. SB 18 would establish a new model for providing permanent benefit increases (PBIs) to retirees and beneficiaries of the four state retirement systems for teachers, state employees, school employees, and state police. For details on the provisions of SB 18, please read our May 2 Legislative Upd...