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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010 ENROLLED
SENATE BILL NO. 85
BY SENATOR B. GAUTREAUX
AN ACT1
To amend and reenact R.S. 11:62(8)(a) and (b), 1946, and 1966, relative to the Parochial2
Employees' Retirement System; to provide for ranges for employee contributions for3
Plans A and B; to provide the board of trustees with authority to set the employee4
contribution rates for members of Plan A and Plan B within the ranges; to provide5
for an effective date; and to provide for related matters.6
Notice of intention to introduce this Act has been published.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 11:62(8)(a) and (b), 1946, and 1966 are hereby amended and9
reenacted to read as follows: 10
§62. Employee contribution rates established11
Employee contributions to state and statewide public retirement systems shall12
be paid at the following rates:13
* * *14
(8) Parochial Employees' Retirement System of Louisiana:15
(a) Plan A - 9.5% Not less than 8% nor more than 11%, as determined by16
the board of trustees in consultation with the actuary for the system.17
(b) Plan B - Not less than 3% nor more than 5%, as determined by the18
board of trustees in consultation with the actuary for the system.19
* * *20
§1946. Employee contributions21
Each member of Plan A shall contribute an amount equal to 9.5 a percentage of his22
earnings from each and every payment of earnings, which contributions shall be credited to23
ACT No. 996 SB NO. 85 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
annuity savings fund A. The percentage shall be set by the board for each calendar year1
within a range from eight percent to eleven percent and shall become effective as of the2
first payroll period reportable on the employee's W-2 for that year.3
* * *4
§1966. Employee contributions5
Each member of Plan B shall contribute an amount equal to three a percentage of his6
monthly earnings from each and every payment of earnings, which contributions shall be7
credited to annuity savings fund B. The percentage shall be set by the board for each8
calendar year in a range from three percent to five percent and shall become effective9
as of the first payroll period reportable on the employee's W-2 for that year.10
Section 2. This Act shall become effective on January 1, 2011; if vetoed by the11
governor and subsequently approved by the legislature, this Act shall become effective on12
January 1, 2011, or on the day following such approval by the legislature, whichever is later.13
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: