Establishes a second tier of membership, applicable to new employees, in the Harbor Police Retirement System in the city of New Orleans (OR DECREASE APV)
Removes certain members from eligibility for membership in the Teachers' Retirement System of Louisiana and provides for a refund of employee contributions to those members (OR -$1,100,000 APV)
Relative to state and statewide retirement systems, prohibits certain members who are reemployed after retirement from receiving retirement benefits or accruing additional benefits (OR DECREASE APV)
Suspends Chapter 7 of Subtitle II of Title 11 of the Louisiana Revised Statutes of 1950, comprised of R.S. 1399.1 through 1399.7. (RE DECREASE FC GF & SG EX)
Provides for the definition of "regular retirement plan" for higher education employees participating in the Teachers' Retirement System of Louisiana. (2/3 - CA10s29(F)) (gov sig) (EG1 INCREASE APV)
Requires forfeiture of retirement benefits by any public employee or elected official who is a member of a public retirement system and is convicted of certain state or federal felony acts associated with his office (EN +$43,597 FC SG EX)