Relative to state retirement systems, establishes a defined contribution plan for new hires (OR -$88,536,000 FC EX)
Constitutional Amendment to change state employees from a defined benefit retirement plan to a defined contribution plan. (2/3 - CA13s1(A)) (OR NO IMPACT APV)
Provides for a defined contribution retirement plan for new hires of all state retirement systems
(Constitutional Amendment) Requires new hires enrolled in state retirement systems to share certain retirement costs equally with their employer (OR NO IMPACT APV)
Relative to the La. State Employees' Retirement System, establishes the Hazardous Duty Services Plan (EG NO IMPACT APV)
Establishes a new hybrid retirement benefit structure for members of state retirement systems first hired on or after July 1, 2018 (OR INCREASE APV)
(Constitutional Amendment) Relative to public retirement systems, requires a 2/3 vote to enact any changes to retirement provisions having an actuarial cost (EN NO IMPACT APV)
(Constitutional Amendment) Limits the application of the guarantee of retirement benefits for state employees to certain types of benefits (OR NO IMPACT APV)
(Constitutional Amendment) Removes the guarantee of retirement benefits for state employees in certain circumstances (OR NO IMPACT APV)
Establishes hybrid retirement plan for new members of state retirement systems