Eligible TRSL retirees, beneficiaries and survivors will receive a 2% permanent benefit increase (PBI) on July 1 pursuant to Act 657
of the 2022 Regular Legislative Session. This is the first regular PBI (also called a COLA) since 2016.
The PBI will be calculated on the first $68,396 in annual retirement benefits. The legislation authorizing the PBI was sponsored by Senate Retirement Committee Chairman Edward J. “Ed” Price and was signed into law by Gov. John Bel Edwards.
TRSL will mail a letter at the end of June to individuals eligible to receive the 2022 PBI. This letter will serve as notice to recipients of the benefit amount change resulting from the PBI.