Relative to the La. State Employees' Retirement System, provides relative to calculation of benefits for persons electing early retirement (EN NO IMPACT APV)
Relative to the La. State Employees' Retirement System, requires employers to remit to the system individualized employer contributions (EN NO ACTUARIAL COST APV)
Relative to the Harbor Police Retirement System (Port of New Orleans), provides that persons retired from other systems are eligible for membership from their date of hire (EN +$233,000 APV)
(Constitutional Amendment) Relative to state retirement systems, permits the legislature to establish a defined contribution plan for new hires (OR NO IMPACT APV)
Provides for the ability of certain members of the Teachers' Retirement System of La. to change their election to enter the Deferred Retirement Option Plan (OR +$8,000 FC SG EX)
Relative to the La. Assessors' Retirement Fund and the Clerks of Court Retirement and Relief Fund, removes authority for the payment of employee contributions by the employer (OR CANNOT DETERMINE)
Prohibits members of the La. School Employees' Retirement System from remaining in that system after taking a job that is covered by a different retirement system (RE DECREASE APV)
Relative to the La. State Employees' Retirement System (LASERS), allows for an increased benefit for members and retirees affected by Hurricane Katrina or Rita who took early retirement
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 (OR SEE ACTUARIAL NOTE APV)
Provides relative to the Municipal Police Employees' Retirement System, allows a retiree to change his designated beneficiary from a former spouse to a current spouse (OR SEE ACTUARIAL NOTE)