Provides for employer contributions. (gov sig)
Relative to the La. State Employees' Retirement System, requires employers to remit to the system individualized employer contributions (EN NO ACTUARIAL COST APV)
Provides for determination of unfunded accrued liability payments. (gov sig) (OR +$415,000,000 FC GF EX)
Provides for a cash balance plan for certain state employees. (6/30/12)
Provides for a cash balance plan for certain state employees (EN INCREASE APV)
Repeals provisions ruled unconstitutional related to Act 483 of the 2012 regular legislative session. (6/30/14) (OR NO IMPACT APV)
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)
Establishes a new hybrid retirement benefit structure for members of state retirement systems first hired on or after July 1, 2018 (OR INCREASE APV)