TRSL Legislation Archive

Click on any bill number in the below file. The links will take you to the Louisiana Legislature website where you can view information specific to each bill.

 2016 Regular Legislative Session: Pension-related Legislation
Updated 06/24/2016
Legislative Session News Archive
 
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Regular Session News #4: TRSL Board sponsored bill advances

Sep 1, 2016

The Senate retirement committee reported TRSL Board-sponsored bill, Senate Bill 5 (Sen. Barrow Peacock), favorably as amended. SB 5 would include non-investment related administrative expenses in the calculation of the required employer contribution rate. The committee amendment provides for a beginning implementation date in the first fiscal year in which this change will not increase the employer contribution rate. Also, the committee amende...

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Regular Session News #9: Senate chamber passes COLA bill

Aug 1, 2016

The Senate unanimously passed Senate Bill 2 today. Sen. Barrow Peacock, chair of the Senate retirement committee, sponsored the bill; 21 other senators signed on to co-author the legislation before its passage on the Senate floor. The legislation would grant a 1.5% permanent benefit increase (also known as a COLA) on the first $60,000 of the retirement benefit to eligible TRSL retirees and beneficiaries. The amendment ties the legislation&rsqu...

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Regular Session News #6: COLA bill moves through committee; ORP bill temporarily deferred

Aug 1, 2016

The Senate retirement committee met on Monday, April 4 and voted to favorably report the following bills. Senate Bill 2 (Peacock) would provide up to a 1.5% permanent benefit increase (also known as a COLA) to eligible retirees of TRSL and LASERS and up to a 2.0% permanent benefit increase for eligible LSERS and State Police retirees. Amendments were adopted that tie its passage to other bills dealing with system funding (SB 5 and SB 18), whi...

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Regular Session News #5: TRSL and LASERS give joint presentation to House retirement committee

Aug 1, 2016

TRSL Director Maureen Westgard and Cindy Rougeou, LASERS Executive Director, gave a joint presentation today on the state of the systems to the House retirement committee. The presentation highlighted each system's membership, investment, and actuarial information. It also included an overview of the pension reform measures taken over the last 25-plus years with a combined $8 billion in projected long-term savings to the state.  In ot...

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