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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 Final Passage | Neutral |
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 Final Passage | 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. | Reported by Substitute - Became HB 981 | Oppose |
HB 981 | Rep. Michael Melerine | RETIREMENT SYSTEMS: Provides relative to public retirement system proxy voting on shareholder sponsored proposals. [Substitute for HB 902] | Pending Senate Referral | Oppose |
Transfer of Service Credit | ||||
SB 1 | Sen. Edward J. Price | RETIREMENT SYSTEMS: Provides relative to transfers of service credit between systems. | Sent to the Governor | Neutral |
GPO/WEP | ||||
HCR 20 | Rep. Mike Johnson | CONGRESS: Provides relative to the Government Pension Offset and Windfall Elimination Provision. | Signed by the President | Support |
Payments Toward UAL | ||||
HB 782 | Rep. Jack McFarland | APPROPRIATIONS/SUPPLEML: Makes supplemental appropriations for Fiscal Year 2023-2024. | Pending Senate Finance |
Legislative Session Updates
Regular Session News #14: ORP and RTW bills await Senate final passage
May 10, 2024
Bills affecting the Optional Retirement Plan (ORP) and return to work (RTW) are scheduled for final approval in the Senate next week. House Bill 31 (Rep. Freiberg) would provide a window for active, contributing ORP participants to join the TRSL defined benefit plan. The ORP is a defined contribution retirement plan similar to a 401(k). For details on the provisions of House Bill 31, please read our April 12 Legislative Update....
Regular Session News #13: Return-to-work bill clears another legislative hurdle
May 3, 2024
Yesterday, the Senate finance committee favorably reported return-to-work (RTW) legislation, House Bill 967 (Rep. Riser). HB 967 proposes to do the following: For retirees who retired before July 1, 2020: Allow these retirees to return to work part-time after a 12-month waiting period in certain critical shortage positions without a suspension or reduction in retirement benefits. [Under current law, retirees reemployed...