Provides relative to service credit in public retirement systems received by part-time public officials
Impact
If enacted, HB 13 would specifically amend existing laws regarding public retirement systems in Louisiana. The bill eliminates the provision that allowed part-time officials, who were serving prior to January 1, 1997, to accrue service credits for their tenure. This change would potentially decrease future retirement benefits for these officials, aligning retirement accrual more accurately with the definitions and roles of part-time service.
Summary
House Bill 13, introduced by Representative Talbot, amends R.S. 11:164(B)(1) to stipulate that certain part-time elected officials will no longer accrue service credit in public retirement systems for their service after December 31, 2012. The bill primarily targets elected and appointed officials categorized as part-time, including legislators, school board members, and city council members. This legislative action aims to clarify the service credit eligibility and limit the retirement benefits that part-time officials receive.
Sentiment
The sentiment surrounding HB 13 appears to be mixed, as it raises questions regarding the fairness and adequacy of retirement benefits for part-time officials. Supporters of the bill may argue that it is essential to ensure proper management of public funds and that part-time roles should not be treated the same as full-time careers in terms of retirement. Conversely, opponents might highlight the risks of discouraging public service by diminishing the incentive for potential part-time officials who would rely on these retirement benefits.
Contention
Notable contention centers around the implications of restricting service credit for part-time officials. Critics argue that the reduction of potential retirement benefits could disincentivize qualified individuals from serving in public office, thereby affecting the representation and governance quality within local communities. Furthermore, the requirement for the proposed amendment to be effective only upon statewide election adds another layer of complexity and uncertainty regarding its enactment.
Relative to state and statewide retirement systems, provides with respect to earnable compensation and service credit for any member of such a system elected to the legislature (EN NO IMPACT APV)
Relative to state and statewide retirement systems, prohibits certain members who are reemployed after retirement from receiving retirement benefits or accruing additional benefits
Provides for harmonization of federal and state law regarding creditable service for military time at La. retirement systems. (gov sig) (EN NO IMPACT APV)
Requires forfeiture of retirement benefits by any public employee or elected official who is a member of a public retirement system and is convicted of certain state or federal felony acts associated with his office (EN +$43,597 FC SG EX)
Provides for a five-year deferred retirement option plan for certain members of the Firefighters' Retirement System and provides relative to retirement benefits of certain probation and parole officers in the office of adult services in the Department of Public Safety and Corrections