Louisiana 2011 Regular Session

Louisiana Senate Bill SB4 Latest Draft

Bill / Engrossed Version

                            SLS 11RS-146	ENGROSSED
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2011
SENATE BILL NO. 4
BY SENATOR SHAW 
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
MUNICIPAL POL EMPS RET. Provides relative to employee and employer contributions
under certain circumstances. (7/1/11)
AN ACT1
To amend and reenact R.S. 11:2220(G), relative to the Municipal Police Employees2
Retirement System; to provide for employee and employer contributions under3
certain circumstances; to provide for an effective date; and to provide for related4
matters.5
Notice of intention to introduce this Act has been published.6
Be it enacted by the Legislature of Louisiana:7
Section 1.  R.S. 11:2220(G) is hereby amended and reenacted to read as follows: 8
ยง2220. Benefits; contribution limit 9
*          *          *10
G. The retirement benefits provided by this Section shall not annually exceed11
one hundred percent of average compensation, and. When when a member has12
earned benefits equal to one hundred percent of his average compensation, no further13
contributions shall be required of him the employer. However, the employer14
employee shall continue to pay to the system the employer's such employer15
contribution in lieu of the employee contribution.16
*          *          *17 SB NO. 4
SLS 11RS-146	ENGROSSED
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Section 2. This Act shall become effective on July 1, 2011; if vetoed by the governor1
and subsequently approved by the legislature, this Act shall become effective on July 1,2
2011, or on the day following such approval by the legislature, whichever is later.3
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Lauren B. Bailey.
DIGEST
Shaw (SB 4)
Present law provides that retirement benefits provided by the Municipal Police Employees'
Retirement System (MPERS) shall not annually exceed 100% of average compensation, and
when a member has earned benefits equal to 100% of his average compensation, no further
contributions shall be required of him. However, the employer shall continue to pay to the
system the employer's contribution.
Proposed law retains present law relative to the maximum annual retirement benefit of 100%
of average compensation. However, proposed law provides that once a member has earned
benefits equal to 100% of his average compensation he must begin to pay the employer's
contribution in lieu of the employee contribution if he continues his employment.
Effective July 1, 2011.
(Amends R.S. 11:2220(G))