Provides for a five-year deferred retirement option plan for certain members of the Firefighters' Retirement System and provides relative to retirement benefits of certain probation and parole officers in the office of adult services in the Department of Public Safety and Corrections
Provides for notice to employees when a charter school withdraws from the Teachers' Retirement System of La. or the La. School Employees' Retirement System (OR NO IMPACT APV)
Provides relative to provisions in Title 11 which are limited in applicability to political subdivisions or local areas meeting specified population characteristics (Item #8) (EN SEE ACTUARIAL NOTE)
Relative to the Teachers' Retirement System of Louisiana (TRSL), allows retirees rehired as substitute teachers to collect retirement benefits during reemployment under certain circumstances (EN INCREASE APV)
Memorializes congress to consider eliminating the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) Social Security benefit reductions
Requires application of certain amounts of minimum foundation program formula funds to the initial unfunded accrued liability of the Teachers' Retirement System of La.
Increases the earnings allowed in the Teachers' Retirement System of La. for retirees who are reemployed as substitute classroom teachers to fill certain vacancies (EGF INCREASE APV)
Establishes a single investment committee as a component part of each state retirement system to make all investment decisions and allocations for each such system (OR SEE ANALYSIS)