Louisiana 2012 Regular Session

Louisiana House Bill HB51 Latest Draft

Bill / Introduced Version

                            HLS 12RS-438	ORIGINAL
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2012
HOUSE BILL NO. 51
BY REPRESENTATIVE LEGER
RETIREMENT/LOCAL: Provides relative to benefits in the Firefighters' Pension and
Relief Fund in the city of New Orleans
AN ACT1
To amend and reenact R.S. 11:3384(B) and (C), relative to the Firefighters' Pension and2
Relief Fund in the city of New Orleans; to provide relative to computation of benefits3
for certain members; and to provide for related matters.4
Notice of intention to introduce this Act has been published5
as provided by Article III, Section 13 and Article X, Section6
29(C) of the Constitution of Louisiana.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 11:3384(B) and (C) are hereby amended and reenacted to read as9
follows: 10
ยง3384.  Firefighters employed after December 31, 1967; computation of benefits11
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B. If the firefighter has worked one or more hours of service after December13
31, 1995, he shall receive a retirement benefit equal to two and one-half percent of14
his average compensation based on the four five highest consecutive years of15
employment, multiplied by the number of years of creditable service.  If the member16
continues to remain a member of the system beyond twelve years of service and such17
member attains the age of fifty, the retirement benefit for each year or portion of a18
year beyond twelve years of service and after age fifty, shall be an amount equal to19
three and one-third percent of the average annual compensation for each year or20 HLS 12RS-438	ORIGINAL
HB NO. 51
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are additions.
portion of a year. If the member continues service beyond thirty years, the1
retirement benefit for each year or portion of a year beyond twelve years of service2
shall be an amount equal to three and one-third percent of the average annual3
compensation for each year or portion of a year.  However, the retirement benefit4
shall not exceed a total of three and one-third percent each year. The service benefits5
of such firefighter shall not exceed one hundred percent of the average compensation6
earned during any three five highest average consecutive years of service preceding7
retirement.8
C.  A firefighter who has not worked an hour of service after December 31,9
1995, shall receive a retirement allowance equal to two and one-half percent of his10
average salary based on the highest four five consecutive years multiplied by the11
number of years of creditable service, not to exceed seventy-five percent and further12
provided that in the case of those employee s who remain in service beyond twelve13
years and who have reached the age of fifty-five years, the percentage shall be three14
percent for all years over twelve, with a maximum benefit of eighty percent.15
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DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent.  [R.S. 1:13(B) and 24:177(E)]
Leger	HB No. 51
Abstract: Provides for the computation of benefits for certain members of the Firefighters'
Pension and Relief Fund in the city of New Orleans.
Present law provides relative to the computation of benefits for members in the Firefighters'
Pension and Relief Fund in the city of New Orleans.  Provides that if the firefighter has
worked one or more hours of service after Dec. 31, 1995, he shall receive a retirement
benefit equal to 2.5% of his average compensation based on the four highest consecutive
years of employment, multiplied by the number of years of creditable service. Provides that
if the member remains a member of the system beyond 12 years of service and such member
attains the age of 50, the retirement benefit for each year or portion of a year beyond 12
years of service and after age 50, shall be an amount equal to 3-1/3% of the average annual
compensation for each year or portion of a year.
Proposed law provides that the average compensation is based on the five highest
consecutive years of employment instead of the four highest consecutive years. Otherwise
retains present law. HLS 12RS-438	ORIGINAL
HB NO. 51
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Present law provides that if the member continues service beyond 30 years, the retirement
benefit for each year or portion of a year beyond 12 years of service shall be an amount
equal to 3-1/3% of the average annual compensation for each year or portion of a year.
Provides, however, that the retirement benefit shall not exceed a total of 3-1/3% each year.
Provides further that the service benefits of such firefighter shall not exceed 100% of the
average compensation earned during any three highest average consecutive years of service
preceding retirement.
Proposed law provides that the service benefits shall not exceed 100% of the average
compensation earned during any five highest average consecutive years of service instead
of three highest average consecutive years.  Otherwise retains 	present law.
Present law provides that a firefighter who has not worked an hour of service after Dec. 31,
1995, shall receive a retirement allowance equal to 2.5% of his average salary based on the
highest four consecutive years multiplied by the number of years of creditable service, not
to exceed 75% and further provided that in the case of those employees who remain in
service beyond 12 years and who have reached the age of 55 years, the percentage shall be
3% for all years over 12, with a maximum benefit of 80%.
Proposed law provides that the average salary is based on the highest five consecutive years
instead of the highest four consecutive years.  Otherwise retains 	present law.
(Amends R.S. 11:3384(B) and (C))