LRTA Legislative Update #8: LRTA Legislative Update #8: We have reached our final destination! SB 6 Passes the House, Headed to Governor’s Desk
June 1, 2022We’ve Reached Our Final Destination in the “Road to a COLA” for 2022! Read the message below from the Teachers’ Retirement System of Louisiana (TRSL) regarding the payment for eligible retirees
June 24, 2022The Louisiana legislature adjourned sine die on June 6 for the 2022 Regular Legislative Session. Click on the button below to hear my final update for the 2022 Regular session, or click on this link to watch the video: https://www.youtube.com/watch?v=ciYFutd7k7o
Below are the details and final outcomes of the retirement bills LRTA tracked and monitored during the session that passed. Some bills are pending signature from the Governor:
- House Bill 592 (supplemental appropriations toward UAL) by Rep. Jerome Zeringue – passed and signed by the Governor (Act No. 170).
- LRTA Support
- House Bill 1021 (amends advertising requirements for employers, creates a temporary category to allow non-disability retirees subject to the 2010 RTW law, after a 12-month waiting period, to be directly re-employed without a suspension or reduction in retirement benefit through June 30, 2027, if the retiree is certified to teach mathematics, science, English language arts, or special education (excluding gifted/talented) and is re-employed to fill a position in that area or the retiree is at least age 62 with 30 years of service and is re-employed to fill a vacancy created by maternity leave, military leave, sabbatical leave, or extended sick leave, and allows certain retirees in the 2020 RTW Group who retired before July 1, 2020, to return to work under the 2010 RTW Law and provides generally that the 2010 RTW Law is applicable to individuals who retired before July 1, 2020) by Rep. Jack McFarland – Sent to Governor
- LRTA Support
- House Concurrent Resolution 11 (requests congress and other state legislatures to request that congress review and eliminate the provisions of federal law which reduce Social Security benefits for persons receiving pension from federal, state, or local government retirement systems) by Rep. Mike Johnson – passed and sent to Secretary of State (Joint, concurrent and other resolutions do not require the signature of the governor to become effective. Resolutions take effect upon adoption.).
- LRTA Support
- Senate Bill 6 (permanent benefit increase) by Senator Ed Price – Sent to Governor.
- LRTA Support. This bill will grant a two percent benefit increase to TRSL retirees at least age 60 and retired for at least one year. Members who have questions about eligibility for the benefit increase, please contact the Teachers’ Retirement System of Louisiana at:
- Phone: 225-925-6446
- Toll free (outside Baton Rouge calling area): 1-877-275-8775
- Email: web.master@trsl.org
- LRTA Support. This bill will grant a two percent benefit increase to TRSL retirees at least age 60 and retired for at least one year. Members who have questions about eligibility for the benefit increase, please contact the Teachers’ Retirement System of Louisiana at:
- Senate Bill 434 (amends advertising requirements for employers, creates a temporary category to allow non-disability retirees subject to the 2010 RTW law, after a 12-month waiting period, to be directly re-employed without a suspension or reduction in retirement benefit through June 30, 2027, if the retiree is certified to teach mathematics, science, English language arts, or special education (excluding gifted/talented) and is re-employed to fill a position in that area or the retiree is at least age 62 with 30 years of service and is re-employed to fill a vacancy created by maternity leave, military leave, sabbatical leave, or extended sick leave, and allows certain retirees in the 2020 RTW Group who retired before July 1, 2020, to return to work under the 2010 RTW Law and provides generally that the 2010 RTW Law is applicable to individuals who retired before July 1, 2020) by Senator Cleo Fields – Signed by the President
- LRTA Support
For a list of bills LRTA tracked this session, please visit https://lrta.net/bills/.
The 2022 Summer Newsletter will also include additional details about all the bills LRTA tracked, including bills that did not complete the legislative process. Members should begin receiving the newsletter around the end of June or the beginning of July.
Thank you all for a productive and successful legislative session! I want to reemphasize that we could not do everything that we do without the support of our members. I am proud of the progress we made this session, and I am hopeful for the progress to be made in future sessions based on conversations with the retirement system and legislators. We always work hard and STRIVE TO MAKE YOUR RETIREMENT YEARS GREAT!
Regards,
Rodney R. Watson
LRTA Executive Director