Provides relative to compliance with applicable federal tax qualification requirements for Teachers' Retirement System of Louisiana, Louisiana School Employees' Retirement System, and State Police Pension and Retirement System. (7/1/10) (EN NO IMPACT APV)
Requires a charter school teacher who is an active member of the system to remain an active member for the duration of employment at the charter school under certain circumstances. (See Act) (EN INCREASE FC SG RV)
Excludes pay to school bus drivers for certain school-related extracurricular activities performed under private contracts from the definition of earnable compensation. (7/1/10) (RE DECREASE APV)
Authorizes certain persons who entered the Deferred Retirement Option Plan of the system before July 1, 2001, to have their pre-DROP retirement benefits recalculated at an accrual rate of 3 1/3% per year under certain circumstances. (7/1/10) (OR +$40,000,000 APV)
Removes the cap on the amount of any permanent benefit increase for recipients whose benefit is based on the record of someone who retired with at least 30 years of service credit. (gov sig) (EN INCREASE APV)