Archive - TRSL - Teachers' Retirement System of Louisiana

Regular Session News #14: Legislative session ends with new ORP changes and puts additional UAL payment on ballot for voter approval

Jun 13, 2025

The 2025 Regular Session, which began April 14, ended on Thursday. TRSL monitored several pieces of legislation having a direct impact on the retirement system and/or its members. Here’s a look at what those that crossed the legislative finish line will do: Optional Retirement Plan (ORP) Act 47 [formerly House Bill 24] (Rep. Bacala) makes changes to the terms of the optional retirement plan (ORP), a defined contribution pla...

Jun 6, 2025

Gov. Jeff Landry signed Act 47 of 2025 (formerly House Bill 24) into law. The new law makes a number of changes to the terms of the optional retirement plan (ORP), a defined contribution plan available to unclassified faculty and staff in higher education: Expands ORP eligibility to technical college staff beginning July 1, 2025. Existing technical college staff will have 180 days from July 1, 2025, to opt into the ORP. Extends the window f...

Jun 5, 2025

Yesterday, the Senate Finance Committee reported House Bills 473 and 466 favorably with amendments. Here’s a recap of the two bills: 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 the retirement debt owed to TRSL, also known as the unfunded accrued liability (UAL). The one-time payment would pay off TRSL&rsq...

May 28, 2025

Yesterday, the full Senate passed House Bill 24 (Rep. Bacala), which now moves to the governor’s desk for his consideration. 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. If enacted, the legislation would: Expand ORP eligibility to technical college staff beginning July 1, 2025. Existing technical college staff wou...

May 23, 2025

The full Senate is scheduled to consider House Bill 24 (Rep. Bacala) on Tuesday, May 27 (agenda). 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. Read a full description of HB 24 in our May 20 Legislative Update. Other news: On Thursday, the full House amended and passed House Resolution 143 (Rep. Bacala). HR 143 wo...

May 20, 2025

Yesterday, the Senate Retirement Committee reported House Bill 24 (Rep. Bacala) favorably. 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. As currently written, HB 24 would: Expand ORP eligibility to technical college staff beginning July 1, 2025. Existing technical college staff would have 180 days from July 1, ...

May 15, 2025

This week, the full House passed the following bills affecting TRSL that will now head to the Senate for consideration. Optional Retirement Plan (ORP) House Bill 24 (Rep. Bacala) 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. Read a detailed description of HB 24 provisions in our May 6 Legislative Update. HB 24 was...

May 9, 2025

The following bills are currently scheduled to be considered by the full House at 1 p.m., Monday, May 12: House Bill 24 (Rep. Bacala) 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. Read more information on HB 24 in our May 6 Legislative Update. House Bill 473 (Rep. Emerson,) a proposed constitutional amendment,...

May 6, 2025

Both the House Appropriations and the House Civil Law and Procedure Committees met today and considered several bills affecting TRSL. Here’s what happened: Optional Retirement Plan (ORP) House Bill 24 (Rep. Bacala), was amended and reported favorably by the House Appropriations Committee. HB 24 would make changes to the terms of the optional retirement plan (ORP), a defined contribution plan available to unclassified faculty and staff...

May 1, 2025

It’s been a busy week at the Louisiana Capitol. Several of the bills that would affect TRSL were considered by various committees. Here’s a recap of what happened: On Monday, proposed constitutional amendment House Bill 473 (Rep. Emerson) was reported favorably by the House Ways and Means Committee. HB 473 would apply the balance in three educational trust funds to make a one-time payment to erase a portion of TRSL’s re...

Apr 25, 2025

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...

Apr 17, 2025

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...

Apr 9, 2025

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...

Mar 25, 2025

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...

Legislative Session News Archive