SLS 13RS-8 ORIGINAL
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2013
SENATE BILL NO. 9
BY SENATOR GUILLORY
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
STATE EMPLOYEE RET. Provides for membership in the cash balance plan. (6/30/13)
AN ACT1
To amend and reenact R.S. 11:1399.2(A)(1), relative to the Louisiana State Employees'2
Retirement System; to provide that certain judges are not members of the cash3
balance plan; to provide for an effective date; and to provide for related matters.4
Notice of intention to introduce this Act has been published.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 11:1399.2(A)(1) is hereby amended to read as follows: 7
ยง1399.2. Cash balance plan membership8
A. The following employees whose first employment making them eligible9
for membership in one of the state systems occurred on or after July 1, 2013, shall10
be members of the cash balance plan of their respective systems:11
(1) Employees covered by the Louisiana State Employees' Retirement12
System who are not members of the Hazardous Duty Services Plan pursuant to R.S.13
11:612 and who are not judges holding positions specified in R.S. 11:553(1), (3)14
through (5), (7), and (10) through (15).15
* * *16
Section 2. This Act shall become effective on June 30, 2013; if vetoed by the17 SB NO. 9
SLS 13RS-8 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
governor and subsequently approved by the legislature, this Act shall become effective on1
June 30, 2013, or on the day following such approval by the legislature, whichever is later.2
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Margaret M. Corley.
DIGEST
Present law provides for membership in the La. State Employees' Retirement System
(LASERS). Specifies that membership is a condition of employment for each person who
becomes employed in state service and who is not excluded or who is not provided an
election under present law.
Present law provides that judges specified in present law who take office on or after July 1,
1983, shall become LASERS members.
Present law provides for a second tier of benefits for LASERS members who are not
members of the Hazardous Duty Services Plan and whose first employment making them
eligible for state system membership begins on or after July 1, 2013, called the cash balance
plan.
Proposed law retains present law and adds judges specified in present law to those who shall
not be covered by the cash balance plan.
Effective June 30, 2013.
(Amends R.S. 11:1399.2(A)(1))