Legislative Session News Archive

The House Retirement Committee met on Thursday and favorably reported House Bill 24 (Rep. Bacala) with amendments. HB 24 would make changes to the terms of the optional retirement plan (ORP), a defined contribution plan available to unclassified faculty and staff in higher education. The proposed changes are: Increasing the minimum employer contribution to ORP participant accounts from 6.2% of pay to 8%. Expanding ORP eligibility to techn...

Three House committees meeting next week will hear bills that could impact TRSL.  Read more about these bills below. The following bills will be considered by the House Ways & Means Committee at 10 a.m., Tuesday, April 22 (agenda): House Bill 473 (Rep. Emerson), a proposed constitutional amendment, would apply the balance in three educational trust funds to make a one-time payment to erase a portion of TRSL’s retirement deb...

The 2025 Regular Legislative Session begins at noon on Monday, April 14. In addition to the three bills included in our March 25 Legislative Update, TRSL is closely monitoring six additional bills that could impact the retirement system and its members. New bills affecting TRSL The following bills filed last week could affect TRSL:   Additional Payments toward UAL/Companion Legislation Two bills that mimic parts of legislation pas...

TRSL Legislative Updates: If it affects your TRSL retirement, you’ll hear about it through TRSL’s Legislative Updates. These emailed updates come straight to your inbox—if you’re signed up to receive them. We’re sending this first update of the legislative season to all members for whom we have email addresses. To continue receiving them throughout the 2025 Regular Legislative Session, just select the &ldquo...