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)
Provides for an opportunity for members of the Teachers' Retirement System of Louisiana to revoke a decision to participate in the Deferred Retirement Option Plan
Allows members of the Firefighters' Retirement System to allocate Deferred Retirement Option Plan funds between two separate interest bearing accounts (EN NO IMPACT 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 La., allows a member in the optional retirement plan to make a one-time, irrevocable election to transfer to the defined benefit plan (OR COST INCREASE APV)