Makes permanent certain requirements that state retirement systems direct portions of certain types of investments through La. broker-dealers (OR +$485,535 FC SG EX)
Relative to the Clerks' of Court Retirement and Relief Fund, changes retirement benefits, retirement eligibility, disability benefits, and survivor benefits for members hired on or after Jan. 1, 2011 (EN ACTUARIAL SAVINGS APV)
Relative to the Louisiana State Employees' Retirement System, provides for compliance with qualified plan provisions of the Internal Revenue Code (EN NO IMPACT APV)
Transfers membership of certain new hires of the Lafayette City-Parish Consolidated Government from the Parochial Employees' Retirement System to the Municipal Police Employees' Retirement System (EN INCREASE APV)
Creates the State Retirement System Investment Committee and consolidates investment duties of the four state retirement systems into such commission (OR SEE ACTUARIAL NOTE)
Relative to the Harbor Police Retirement System (Port of New Orleans), provides for the number of board members necessary for board decisions (EN NO IMPACT APV)
Relative to the La. State Employees' Retirement System, provides relative to calculation of benefits for persons electing early retirement (EN NO IMPACT APV)