The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Angela L. De Jean.
DIGEST
SB 6 Engrossed 2022 Regular Session Price
Present law (R.S. 11:883.1), relative to the Teachers' Retirement System of La. (TRSL or Teachers'),
provides for accumulation of money in an experience account for the purpose of funding increases
in benefit payments to eligible recipients. Provides for determination of whether an increase is
payable, the amount of the increase, and the eligibility criteria for receiving the increase.
Proposed law, pursuant to the provisions of present law, grants a 2% benefit increase on the first
$68,396 of the annual benefit to each:
(1)Regular retiree who has been retired for at least one year and is at least age 60.
(2)Disability retiree who has been retired at least one year regardless of age.
(3)Beneficiary of a retiree who would have met the eligibility criteria if the retiree were alive.
(4)Nonretiree beneficiary who has been receiving benefits for at least a year and whose benefits
are derived from service of a deceased member who would have attained age 60.
Proposed law provides for the increase to be payable July 1, 2022.
Effective June 30, 2022.