Committee moves several retirement bills favorably; votes at a glance

The Senate Committee on Retirement on March 16 moved forward multiple retirement-related measures and recorded them as reported favorably to the Senate floor.

Votes at a glance (committee action as recorded in the transcript):
- City Bill 22: Introduced by Senator Carter to allow second city court constable staff to roll into the state retirement system; reported favorable by the committee. (Transcript mover not clearly specified.)
- Senate Bill 13: Would remove "hurdle payments" and change actuarial treatment after gain-sharing sunsets; TRSL testified the change will be effective for teachers when the original amortization base is paid off in 2029 or sooner. The committee indicated the bill will move forward (no formal mover documented in the transcript).
- Senate Bill 20: Would apply similar actuarial treatment to the Louisiana School Employee Retirement System/ELSA; Senator Talbot moved favorable and the bill was advanced to the floor.
- Senate Bill 21: Would change amortization/payment toward unfunded accrued liability for LASERS; Frank Gilbert provided official support on behalf of legislative/government affairs; Senator Myers moved the bill favorably and it was advanced.
- Senate Bill 14: See separate, detailed coverage; moved favorably with an amendment the transcript lists as 'amendment 5 96'.

Several associations and officials were listed on the record in support, including representatives from TRSL, the Louisiana Retired Teachers Association and the Louisiana School Board Association. With no recorded objections for these items, the committee reported them favorably to the Senate floor.

Next steps: All advanced bills will be reported to the Senate floor for further consideration.