Provides relative to the optional retirement plan and defined benefit plan for the Teachers' Retirement System of Louisiana (EN SEE ACTUARIAL NOTE APV)
Relative to state retirement systems, establishes a defined contribution plan for new hires (OR -$88,536,000 FC EX)
Requires the Louisiana Deferred Compensation Plan to provide a voluntary option investment, provides for commission membership, and requires reporting
Requires employers to continue contributing to state and statewide public retirement systems for the duration of DROP participation. (6/30/12) (EG NO IMPACT APV)
Provides relative to the optional retirement plan in the Teachers' Retirement System of Louisiana (EN SEE ACTUARIAL NOTE APV)
Provides for a defined contribution retirement plan for new hires of all state retirement systems
Establishes a minimum employer contribution rate for the Optional Retirement Plan in the Teachers' Retirement System of Louisiana (EN INCREASE FC SG LF EX)
Adds public defenders to the Louisiana State Employees' Retirement System (OR INCREASE APV)