Legislative Session News Archive
Regular Session News #1: 2024 Regular Session starts Monday; five bills affect TRSL
Mar 7, 2024
The 2024 Regular Legislative Session begins at noon on Monday, March 11 and ends at 6 p.m., June 3. This year, the legislature will hold a general session, which means legislators can introduce an unlimited number of bills on any matter except those dealing with taxation or revenue. After session begins, legislators can introduce five additional bills. Retirement-related bills have specific requirements and deadlines, including the p...
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...