Thursday, June 21, 2007

Governor signs supplemental COLA bill

Governor Blanco has signed into law Senate Bill 116 [Sen. Theunissen], which authorizes the boards of trustees of LASERS and the Teachers' Retirement System of Louisiana (TRSL) to grant a supplemental cost-of-living adjustment (COLA) of 0.5 percent from their respective experience accounts beginning July 1, 2007.

The supplemental raises the total COLA for eligible retirees from 2.5 percent to three percent.