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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2012 ENROLLED
SENATE BILL NO. 9
BY SENATOR GUILLORY
AN ACT1
To amend and reenact R.S. 11:62(7), 1786, and 1806, relative to the Municipal Employees'2
Retirement System; to provide for ranges for employee contributions; to provide for3
board authority to set the employee contributions for Plan A and Plan B within the4
ranges for each fiscal year; to provide for an effective date; and to provide for related5
matters.6
Notice of intention to introduce this Act has been published.7
Be it enacted by the Legislature of Louisiana:8
Section 1. R.S. 11:62(7), 1786, and 1806 are hereby amended and reenacted to read9
as follows: 10
§62. Employee contribution rates established11
Employee contributions to state and statewide public retirement systems shall12
be paid at the following rates, except as otherwise provided by law:13
* * *14
(7) Municipal Employees' Retirement System of Louisiana . :15
(a) Plan A - 9.25%. Not less than 9.25% nor more than 10% as16
determined by the board of trustees.17
(b) Plan B - 5% Not less than 5% nor more than 6% as determined by the18
board of trustees.19
* * *20
§1786. Employee contributions21
Each member of Plan A shall contribute an amount equal to 9.25% a22
ACT No. 717 SB NO. 9 ENROLLED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
percentage of his monthly earnings from each and every payment of earnings, which1
contributions shall be credited to annuity savings fund A, and which percentage2
shall be set by the board for each fiscal year within a range from nine and one3
quarter present to ten percent and shall become effective as of the next payroll4
period reportable on the employee's W-2 for that year.5
* * *6
§1806. Employee contributions7
Each member of Plan B shall contribute an amount equal to five percent a8
percentage of his monthly earnings from each and every payment of earnings, which9
contributions shall be credited to the Annuity Savings Fund B , and which10
percentage shall be set by the board for each fiscal year in a range from five11
percent to six percent and shall become effective as of the next payroll period12
reportable on the employee's W-2 for that year.13
Section 2. This Act shall become effective on July 1, 2012; if vetoed by the governor14
and subsequently approved by the legislature, this Act shall become effective on July 1,15
2012, or on the day following such approval by the legislature, whichever is later.16
PRESIDENT OF THE SENATE
SPEAKER OF THE HOUSE OF REPRESENTATIVES
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: