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2024 Bills Affecting TRSL
| Bill No. | Author | Description | Status | Board Position |
| Return to Work | ||||
| HB 17 | Rep. Charles Owen | RETIREMENT/TEACHERS: Provides relative to the reemployment of contract teachers in the Teachers' Retirement System of Louisiana. | Pending House Retirement | Oppose (as originally filed) |
| HB 35 | Rep. Neil Riser | RETIREMENT/TEACHERS: Provides for the reemployment of retirees of the Teachers' Retirement System of Louisiana in critical shortage positions. | Reported by Substitute - Became HB 967 | Oppose (as originally filed) |
| HB 967 | Rep. Neil Riser | RETIREMENT/TEACHERS: Provides for the reemployment of retirees of the Teachers' Retirement System of Louisiana in critical shortage positions. [Substitute for HB 35] | Pending Senate Retirement | |
| Optional Retirement Plan (ORP) | ||||
| HB 31 | Rep. Barbara Freiberg | RETIREMENT/TEACHERS: Provides relative to the optional retirement plan and defined benefit plan for the Teachers' Retirement System of Louisiana. | Pending Senate Retirement | Neutral |
| Investments/ESG-Related | ||||
| SB 5 | Sen. Blake Miguez | RETIREMENT SYSTEMS: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. | Pending Senate Retirement | Oppose (as originally filed) |
| HB 902 | Rep. Michael Melerine | RETIREMENT SYSTEMS: Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. | Pending House Retirement | |
| Transfer of Service Credit | ||||
| SB 1 | Sen. Edward J. Price | RETIREMENT SYSTEMS: Provides relative to transfers of service credit between systems. | Pending House Final Passage | Neutral |
| GPO/WEP | ||||
| HCR 20 | Rep. Mike Johnson | CONGRESS: Provides relative to the Government Pension Offset and Windfall Elimination Provision. | Pending Senate Retirement | Support |
| Payments Toward UAL | ||||
| HB 782 | Rep. Jack McFarland | APPROPRIATIONS/SUPPLEML: Makes supplemental appropriations for Fiscal Year 2023-2024. | Pending Senate Introduction | |
Legislative Session Updates
Regular Session News #10: Senate retirement committee set to hear TRSL-impacting legislation; Proxy voting bill to be reconsidered
Apr 26, 2024
The Senate retirement committee is scheduled to meet at 10:00 a.m. on Monday, April 29 (agenda). The committee will consider three legislative instruments that would impact TRSL: House Bill 31 (Rep. Freiberg) would provide a window for active, contributing Optional Retirement Plan (ORP) participants to join the TRSL defined benefit plan. The ORP is a defined contribution retirement plan similar to a 401(k). House Bill 967 (Rep. Ri...
Regular Session News #9: Proxy voting bill stays in committee; House okays three legislative instruments affecting TRSL
Apr 19, 2024
On Thursday, the House retirement committee considered a substitute bill for House Bill 902 (Rep. Melerine). The substitute bill, also by Rep. Melerine, would add new restrictions related to proxy voting on shareholder-sponsored proposals and would add new duties and liability to proxy advisory firms working with Louisiana retirement systems. The substitute bill did not advance out of committee. Full House Action:&n...
Helpful Links
TRSL Legislative Session News Archives Louisiana State Legislature U.S. House of Representatives U.S. Senate Library of Congress (Track federal legislation)