The Pensions, Investments and Financial Services Committee voted out several TRS bills last Friday, and another key TRS bill has been scheduled for consideration by the full House Tuesday.
HB 1585 by Rep. Stan Lambert is the TRS Sunset bill. The Sunset recommendations for TRS focused primarily on improving the agency’s relationship with its members through initiatives such as improved communications and outreach and the creation of an ombudsman position. The bill also includes a section revising how retirees who have returned to work and violated the time limitations (working more than half time, for example) are penalized. Currently, the only option TRS has is to withhold or require pay back of the full month’s annuity when limitations are exceeded; the new law would include a first warning before any financial penalties would be imposed. This bill is scheduled for consideration on the House floor Tuesday, April 13. Its counterpart in the Senate, SB 706 by Sen. Eddie Lucio was heard in the Senate Education Committee Monday.
Other bills voted out of committee:
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