Removes certain members from eligibility for membership in the Teachers' Retirement System of Louisiana and provides for a refund of employee contributions to those members (OR -$1,100,000 APV)
Provides for the definition of "regular retirement plan" for higher education employees participating in the Teachers' Retirement System of Louisiana. (2/3 - CA10s29(F)) (gov sig) (EG1 INCREASE APV)
Suspends Chapter 7 of Subtitle II of Title 11 of the Louisiana Revised Statutes of 1950, comprised of R.S. 1399.1 through 1399.7. (RE DECREASE FC GF & SG EX)
Establishes a second tier of membership, applicable to new employees, in the Harbor Police Retirement System in the city of New Orleans (OR DECREASE 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 DECREASE APV)
(Constitutional Amendment) Provides for forfeiture of public retirement benefits by certain persons who are convicted of felony acts associated with their positions (OR NO IMPACT APV)
Provides for early retirement of LASERS members with actuarial reduction of benefits; requires abolition of positions vacated by early retirement and permits reestablishment and filling of such positions under limited circumstances
Relative to the La. State Employees' Retirement System (LASERS), allows a retiree to designate a trust as beneficiary of retirement benefits (OR NO IMPA)