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)
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)
Relative to the La. State Employees' Retirement System (LASERS), allows benefits payable to children beneficiaries of deceased retirees to be paid to a trust (EN NO IMPACT)
Relative to La. School Employees' Retirement System (LSERS), makes changes to provisions relating to employee contributions, benefit calculation, and retirement eligibility (EN SEE ACTUARIAL NOTE APV)
Relative to the Municipal Police Employees' Retirement System (MPERS), allows certain individuals employed by the city of Hammond to rescind their participation in the Deferred Retirement Option Plan (DROP) subject to certain conditions (OR +$943,000 APV)
Relative to the Teachers' Retirement System of Louisiana (TRSL), allows certain reemployed retirees to receive retirement benefits upon reemployment (EN INCREASE APV)
Relative to the Employees' Retirement System of the Sewerage and Water Board of the city of New Orleans, provides with respect to system governance (EN NO IMPACT APV)
Establishes "Hazardous Duty" and "Non-Hazardous Duty" subplans in the Municipal Police Employees' Retirement System for new hires after Dec. 31, 2012 (EN DECREASE APV)
Relative to the Teachers' Retirement System of Louisiana, provides for the payment of benefits for retired adjunct professors during reemployment (EN INCREASE APV)