LCPR (Legislative Commission on Pensions & Retirement) will meet on Tuesday, April 12 at 5:30 p.m. to discuss the TRA Sustainability Bill. The meeting will be in the State Office Building. If the legislature does not act on this bill in 2016, it will cost TRA $106.5 million.
Don Leathers testimony at the LCPR’s March 15 meeting.
The LCPR (Legislative Committee on Pensions & Retirement) is talking about taking no action this 2016 Session on the TRA Sustainability Proposal. If the proposal is delayed one year the cost to TRA is $106.5 million.
The Legislative session this year is a short one beginning March 8 and running about two months. Look for a big bonding bill, a transportation bill and the lowering of your TRA Pension’s Cola from 2% to 1% effective January 1, 2017.