Legislative Session News Archive
Regular Session News #8: Proxy voting bill to be heard this week; Congressional hearing on GPO/WEP scheduled for tomorrow
Apr 15, 2024
The House retirement committee is scheduled to meet at 9:30 a.m., Thursday, April 18 where House Bill 902 by Rep. Michael Melerine will be considered (agenda). As currently written, HB 902 proposes to require a commitment from any proxy advisory firm retained by a Louisiana public retirement system to base their voting recommendations for shareholder-sponsored proposals solely on the economic interests of the retirement system. The legis...
Regular Session News #7: Bills proposing changes to retiree reemployment laws and the Optional Retirement Plan advance
Apr 12, 2024
The House retirement committee met yesterday and considered several bills, including return-to-work (RTW) and Optional Retirement Plan (ORP) legislation. The committee favorably reported three bills and one resolution affecting TRSL or its members. A substitute bill for House Bill 35 (Rep. Riser), was proposed by the bill’s author and favorably reported. The substitute bill, which now heads to the full House for consideration, prop...
Regular Session News #6: Packed agenda for upcoming House retirement committee meeting
Apr 9, 2024
The House retirement committee is scheduled to meet at 9:30 a.m. on Thursday, April 11, to consider several bills that would impact TRSL. The lengthy agenda includes the following bills: Return to Work House Bill 17 (Rep. Owen) would temporarily allow most TRSL retirees to be reemployed through a contract or corporate contract without the typical one-year waiting period or suspension of retirement benefit. House Bill 35 (Rep. Riser) woul...
Regular Session News #5: Investment bill stays in committee
Apr 3, 2024
On Tuesday, the Senate retirement committee considered a substitute bill in place of Senate Bill 5 (Sen. Miguez). The substitute bill, also by Sen. Miguez, would still establish in law new language governing certain investment and proxy voting decisions made on behalf of the retirement systems. The substitute bill also gives the state attorney general enforcement authority over provisions in the bill. The substitute bill did not advance...