Provides for the incorporation of the Registrars of Voters Employees' Retirement Plan into the Louisiana State Employees' Retirement System (OR SEE ACTUARIAL NOTE)
Allows members of the Firefighters' Retirement System to allocate Deferred Retirement Option Plan funds between two separate interest bearing accounts (EN NO IMPACT APV)
Relative to the Municipal Employees' Retirement System (MERS), the Municipal Police Employees' Retirement System (MPERS), and the Firefighters' Retirement System (FRS), implements the recommendations of the Funding Review Panel by providing for board membership, benefit calculation, maintaining employer contribution rates at certain amounts, and employee contribution rates (EN DECREASE APV)
Relative to the La. School Employees' Retirement System (LSERS), the State Police Pension and Retirement System (LSPRS), and the Parochial Employees' Retirement System (PERS), provides for compliance with applicable federal tax qualification requirements (EN NO IMPACT APV)
Relative to the Teachers' Retirement System of Louisiana (TRSL), allows certain reemployed retirees to receive retirement benefits upon reemployment (EN INCREASE APV)
Relative to the Teachers' Retirement System of Louisiana, provides for the payment of benefits for retired adjunct professors during reemployment (EN INCREASE APV)
Relative to state and statewide retirement systems, prohibits certain members who are reemployed after retirement from receiving retirement benefits or accruing additional benefits (OR ACTURIAL SAVINGS APV)
Provides for retirement with 25 years of service at any age for members of the Firefighters' Pension and Relief Fund in the city of New Orleans (NOFF) (OR +$1,000,000 FC EX)
Provides for a minimum benefit for the surviving spouse and children of certain members of the Firefighters' Pension and Relief Fund in the city of New Orleans (NOFF) (OR +$15,200,000 APV)
Provides for the option of a 10-year DROP for members of the Firefighters' Pension and Relief Fund in the city of New Orleans (NOFF) (EG +$800,000 FC LF EX)
Provides for an increase in the accrual rate from 2.5% to 3-1/3% for members of the Firefighters' Pension and Relief Fund in the city of New Orleans (NOFF) (OR +$1,640,000 FC EX)