ENROLLED
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ACT No. 99
Regular Session, 2010
HOUSE BILL NO. 746
BY REPRESENTATIVE ROBIDEAUX
AN ACT1
To amend and reenact R.S. 11:441(A)(1)(d), relative to the Louisiana State Employees'2
Retirement System; to provide for calculation of benefits for persons electing early3
retirement; to provide for different calculation methods depending upon whether4
such persons are in service at the time of retirement; to provide an effective date; and5
to provide for related matters.6
Notice of intention to introduce this Act has been published7
as provided by Article X, Section 29(C) of the Constitution8
of Louisiana.9
Be it enacted by the Legislature of Louisiana:10
Section 1. R.S. 11:441(A)(1)(d) is hereby amended and reenacted to read as follows:11
ยง441. Eligibility for retirement12
A.(1) Any member hired on or before June 30, 2006, or who receives a13
benefit calculated pursuant to R.S. 11:444(A)(2)(b) shall be eligible for retirement14
if he has:15
* * *16
(d) Twenty years of service credit at any age, exclusive of military service17
and unused annual and sick leave, but any person retiring under this Subparagraph18
shall have his benefit, inclusive of military service credit and allowable unused19
annual and sick leave, actuarially reduced. Any member retiring under this20
Subparagraph who is in state service at the time of his retirement shall have his21
benefit actuarially reduced from the earliest age that he would normally become22
eligible for a regular retirement benefit under Subparagraph (a), (b), or (c) of this23
Paragraph if he had continued in service to that age. Any member retiring under this24 ENROLLEDHB NO. 746
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are additions.
Subparagraph who is out of state service at the time of his retirement shall have his1
benefit actuarially reduced from the earliest age that he would normally become2
eligible for a regular retirement benefit under Subparagraph (a), (b), or (c) of this3
Paragraph based upon his years of service as of the date of retirement. Any4
employee who elects to retire under the provisions of this Subparagraph shall not be5
eligible to participate in the Deferred Retirement Option Plan provided by R.S.6
11:447 or the Initial Benefit Option provided by R.S. 11:446(A)(5).7
* * *8
Section 2. This Act shall become effective on July 1, 2010; if vetoed by the governor9
and subsequently approved by the legislature, this Act shall become effective on July 1,10
2010, or on the day following such approval by the legislature, whichever is later.11
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: