Provides a regular schedule for permanent benefit increases for retirees of the state retirement systems. (2/3 - 10s29(F)) (6/30/12) (OR -$4,700,000,000 APV)
Provides relative to retirement eligibility for certain members of the La. State Employees' Retirement System and the Teachers' Retirement System of La. (6/30/12) (OR DECREASE APV)
Establishes a minimum employer contribution rate for the Optional Retirement Plan in the Teachers' Retirement System of Louisiana (EN INCREASE FC SG LF EX)
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 the incorporation of the Registrars of Voters Employees' Retirement Plan into the Louisiana State Employees' Retirement System (OR SEE ACTUARIAL NOTE)
Provides for enrollment of new hires of the Harbor Police Department of the Port of New Orleans in the Hazardous Duty Services Plan in the La. State Employees' Retirement System and for administration of the Harbor Police Retirement System by the La. State Employees' Retirement System (OR INCREASE APV)