The legislative session
began March 10 and more than two dozen retirement bills could impact LASERS if
passed. Updates on legislation and committee meeting notices will be sent through
Member Connection to keep LASERS members in the loop.
Upcoming Meetings
The House Retirement Committee is scheduled
to meet Thursday, March 13, upon adjournment. LASERS, along with other
state and statewide retirement systems, will make a presentation to the
committee regarding the system's valuation and investments.
The Senate Retirement Committee is scheduled
to meet Monday, March 17, at 1:00 p.m. One bill on the agenda, SB 30, provides for
LASERS technical corrections regarding spousal consent, survivors' benefits,
and post-Deferred Retirement Option Plan (DROP) contribution rates. The LASERS
Board of Trustees requested this bill.
The Public Retirement Systems Actuarial
Committee (PRSAC) is scheduled to meet Tuesday, March 18, at 8:00 a.m. The system's valuation,
which includes the rate of interest to be paid on eligible (non-Self Directed
Plan) DROP accounts, will be presented for approval. Once PRSAC approves the
interest rate, participants in the plan will be notified.
Please note that meeting schedules are subject
to change. Check the LASERS website daily for
updates and for detailed information about proposed retirement legislation.
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