HLS 14RS-295 ENGROSSED Page 1 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Regular Session, 2014 HOUSE BILL NO. 38 BY REPRESENTATIVE PEARSON RETIREMENT/STATE SYSTEMS: Provides relative to retirement eligibility for certain members of state retirement systems AN ACT1 To amend and reenact R.S. 11:441(A)(2)(b), 461(B)(3)(b), 726(B), 761(A)(3) and (4),2 765(A) and (B)(1), 780, 783(A)(3)(a), 786(A)(2) and (3), 802, 1141(A), 1142, and3 1147(C)(4) and to enact R.S. 11:441(A)(2)(c), 461(B)(3)(c), 761(A)(5), and4 786(A)(4), relative to retirement eligibility for certain new hires in the Louisiana5 State Employees' Retirement System, the Teachers' Retirement System of Louisiana,6 and the Louisiana School Employees' Retirement System; to establish new7 retirement eligibility for certain members hired on or after July 1, 2014; to provide8 relative to disability retirements; to provide for technical corrections; and to provide9 for related matters.10 Notice of intention to introduce this Act has been published11 as provided by Article X, Section 29(C) of the Constitution12 of Louisiana.13 Be it enacted by the Legislature of Louisiana:14 Section 1. R.S. 11:441(A)(2)(b), 461(B)(3)(b), 726(B), 761(A)(3) and (4), 765(A)15 and (B)(1), 780, 783(A)(3)(a), 786(A)(2) and (3), 802, 1141(A), 1142, and 1147(C)(4) are16 hereby amended and reenacted and R.S. 11:441(A)(2)(c), 461(B)(3)(c), 761(A)(5), and17 786(A)(4) are hereby enacted to read as follows:18 HLS 14RS-295 ENGROSSED HB NO. 38 Page 2 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. §441. Eligibility for retirement1 A.2 * * *3 (2)4 * * *5 (b) Except for members of the Hazardous Duty Services Plan, as defined in6 R.S. 11:612, any member whose first employment making him eligible for7 membership in one of the state systems occurred on or after January 1, 2011, and on8 or before June 30, 2014, including any judge, court officer, governor, lieutenant9 governor, clerk or sergeant-at-arms of the House of Representatives, secretary or10 sergeant-at-arms of the Senate, or state treasurer, shall be eligible for retirement if11 he has:12 (i) Five years or more of service, at age sixty or thereafter.13 (ii) Twenty years of service credit at any age, exclusive of military service14 and unused annual and sick leave, but any person retiring under this Item shall have15 his benefit, inclusive of military service credit and allowable unused annual and sick16 leave, actuarially reduced from the earliest age that he would normally become17 eligible for a regular retirement benefit under Item (i) of this Subparagraph if he had18 continued in service to that age. Any employee who elects to retire under the19 provisions of this Item shall not be eligible to participate in the Deferred Retirement20 Option Plan provided by R.S. 11:447 or the Initial Benefit Option provided by R.S.21 11:446.22 (c) Except for members of the Hazardous Duty Services Plan, as defined in23 R.S. 11:612, any member whose first employment making him eligible for24 membership in one of the state systems occurred on or after July 1, 2014, including25 any judge, court officer, governor, lieutenant governor, clerk or sergeant-at-arms of26 the House of Representatives, secretary or sergeant-at-arms of the Senate, or state27 treasurer, shall be eligible for retirement if he has:28 (i) Five years or more of service, at age sixty-two or thereafter.29 HLS 14RS-295 ENGROSSED HB NO. 38 Page 3 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (ii) Twenty years of service credit at any age, exclusive of military service1 and unused annual and sick leave, but any person retiring under this Item shall have2 his benefit, inclusive of military service credit and allowable unused annual and sick3 leave, actuarially reduced from the earliest age that he would normally become4 eligible for a regular retirement benefit under Item (i) of this Subparagraph if he had5 continued in service to that age. Any employee who elects to retire under the6 provisions of this Item shall not be eligible to participate in the Deferred Retirement7 Option Plan provided by R.S. 11:447 or the Initial Benefit Option provided by R.S.8 11:446.9 * * *10 §461. Eligibility; certification11 * * *12 B. The board of trustees shall award disability benefits to eligible members13 who have been officially certified as disabled by the State Medical Disability Board.14 The disability benefit shall be determined as follows:15 * * *16 (3)17 * * *18 (b) Any person who has not attained the age of sixty and whose employment19 first making him eligible for membership in the system occurred on or after July 1,20 2006, and on or before June 30, 2014, shall receive a disability benefit equal to two21 and one-half percent of average compensation for every year of creditable service.22 When the disability retiree attains the age of sixty, he shall receive his regular23 retirement benefit upon making application therefor to the board. The provisions of24 this Subparagraph shall not apply to any person who receives an additional benefit25 pursuant to R.S. 11:444(A)(2)(b) or (c) or 557 or R.S. 24:36 whose first employment26 making him eligible for membership in one of the state systems occurred on or27 before December 31, 2010.28 HLS 14RS-295 ENGROSSED HB NO. 38 Page 4 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (c) Any person who has not attained the age of sixty-two and whose first1 employment making him eligible for membership in one of the state systems2 occurred on or after July 1, 2014, shall receive a disability benefit equal to two and3 one-half percent of average compensation for every year of creditable service. When4 the disability retiree attains the age of sixty-two, he shall receive his regular5 retirement benefit upon making application therefor to the board.6 * * *7 §726. Termination of membership; withdrawal from service after five years;8 retirement at age sixty regular retirement9 * * *10 B.(1) However, any member whose first employment making him eligible11 for membership in one of the state systems occurred on or before June 30, 2014, who12 has credit for five or more years of service may withdraw from service and elect to13 leave his accumulated contributions in the system and, upon reaching age sixty, he14 shall receive a retirement allowance based on the credits he had at the time of his15 withdrawal from service.16 (2) Any member whose first employment making him eligible for17 membership in one of the state systems occurred on or after July 1, 2014, who has18 credit for five or more years of service may withdraw from service and elect to leave19 his accumulated contributions in the system and, upon reaching age sixty-two, he20 shall receive a retirement allowance based on the credits he had at the time of his21 withdrawal from service.22 * * *23 §761. Retirement benefits; application; eligibility requirements; effective date;24 cancellation; errors and omissions25 A.26 * * *27 (3) Any person whose first employment making him eligible for membership28 in one of the state systems occurred on or after January 1, 2011, and on or before29 HLS 14RS-295 ENGROSSED HB NO. 38 Page 5 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. June 30, 2014, may retire upon written application to the board of trustees, if at the1 time of application the member:2 (a) Has attained the age of sixty years and has credit for five years of3 accredited service.4 (b) Has twenty years of service credit at any age, exclusive of unused annual5 and sick leave and military service other than qualified military service as provided6 in 26 U.S.C. 414(u) earned on or after December 12, 1994, but any person retiring7 under this Subparagraph shall have his benefit, inclusive of military service credit8 and allowable unused annual and sick leave, actuarially reduced from the earliest age9 that he would normally become eligible for a regular retirement benefit under10 Subparagraph (a) of this Paragraph if he had continued in service to that age. Any11 member who elects to retire under the provisions of this Subparagraph shall not be12 eligible to participate in the Deferred Retirement Option Plan provided by R.S.13 11:786 or the Initial Lump-Sum Benefit option provided by R.S. 11:783.14 (4) Any person whose first employment making him eligible for membership15 in one of the state systems occurred on or after July 1, 2014, may retire upon written16 application to the board of trustees, if at the time of application the member:17 (a) Has attained the age of sixty-two years and has credit for five years of18 accredited service.19 (b) Has twenty years of service credit at any age, exclusive of unused annual20 and sick leave and military service other than qualified military service as provided21 in 26 U.S.C. 414(u) earned on or after December 12, 1994, but any person retiring22 under this Subparagraph shall have his benefit, inclusive of military service credit23 and allowable unused annual and sick leave, actuarially reduced from the earliest age24 that he would normally become eligible for a regular retirement benefit under25 Subparagraph (a) of this Paragraph if he had continued in service to that age. Any26 member who elects to retire under the provisions of this Subparagraph shall not be27 eligible to participate in the Deferred Retirement Option Plan provided by R.S.28 11:786 or the Initial Lump-Sum Benefit option provided by R.S. 11:783.29 HLS 14RS-295 ENGROSSED HB NO. 38 Page 6 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. (5)(a) A properly executed application for retirement shall be considered as1 officially filed when received by the board of trustees of this system. Retirement2 benefits shall become effective as of the date a properly executed application for3 retirement is received by the board of trustees of this system or the day after the4 member terminates from teaching service, whichever is later.5 (b) A member may cancel his application for retirement only prior to6 negotiating, cashing, or depositing any benefit check including an estimated benefit7 check.8 * * *9 §765. Withdrawal from service after five years; retirement at age sixty10 A.(1) Any member whose first employment making him eligible for service11 in one of the state systems occurred on or before June 30, 2014, who has credit for12 five or more years of service may withdraw from service and elect to leave his13 accumulated contributions in the system and, upon reaching age sixty, he shall14 receive a retirement allowance based on the credits he had at the time of his15 withdrawal from service.16 (2) Any member whose first employment making him eligible for17 membership in one of the state systems occurred on or after July 1, 2014, who has18 credit for five or more years of service may withdraw from service and elect to leave19 his accumulated contribution in the system and, upon reaching age sixty-two, he20 shall receive a retirement allowance based on the credits he had at the time of his21 withdrawal from service.22 B.(1) The retirement allowance under this Section shall be due and payable23 by the system effective the first day of the month following the attainment of the age24 sixty required pursuant to Subsection A of this Section, but shall not be paid until a25 written application for retirement is executed and filed with the system.26 * * *27 HLS 14RS-295 ENGROSSED HB NO. 38 Page 7 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. §780. Reexamination of beneficiaries retired for disability; modification of benefits;1 restoration to active service2 A. Once each year during the first five years following any retirement of a3 member on a disability retirement allowance and once in every three-year period4 thereafter, the board of trustees shall require any disability beneficiary retiree whose5 first employment making him eligible for membership in one of the state systems6 occurred on or before June 30, 2014, who has not yet attained the age of sixty years7 and any disability retiree whose first employment making him eligible for8 membership in one of the state systems occurred on or after July 1, 2014, who has9 not yet attained the age of sixty-two to undergo a medical examination at the10 beneficiary's retiree's expense, to be made at the place of residence of the beneficiary11 retiree or other place mutually agreed upon, by a physician or physicians designated12 by the board of trustees. The periodic reexaminations may be discontinued upon13 advice of the medical board that the retiree's condition is either terminal or that14 chances of recovery are highly improbable. If any such disability beneficiary retiree15 who has not yet attained the age of sixty years refuses to submit to at least one16 medical examination in any such year by a physician or physicians designated by the17 board of trustees, his allowance may be discontinued until his withdrawal of such18 refusal; but if his refusal continues for one year, all of his rights in and to his pension19 may be revoked by the board of trustees.20 B. Every disability beneficiary retiree except a disability beneficiary retiree21 who had no earnings and is determined by the Teachers' Retirement System of22 Louisiana to be incapacitated or who is residing in a nursing home shall submit to23 the board of trustees by May first of every year, a notarized annual earnings24 statement detailing his earned income from employment in the previous tax year.25 Should a beneficiary retiree refuse to submit such an earnings statement by May26 first, his allowance may be discontinued without retroactive reimbursement, until the27 statement is filed. Should his refusal continue for the remainder of the calendar year,28 all his rights in and to his disability pension may be revoked by the board of trustees.29 HLS 14RS-295 ENGROSSED HB NO. 38 Page 8 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. C.(1) Notwithstanding the provisions of R.S. 11:221, if the medical board1 reports and certifies to the board of trustees that a disability beneficiary retiree is able2 to engage in a gainful occupation paying more than the difference between his3 retirement allowance and the average final compensation, and if the board of trustees4 concurs in this report, then, except as provided in either Paragraph (2) or (3) of this5 Subsection, the amount of his pension shall be reduced to an amount which, together6 with his annuity and the amount earnable by him, shall equal the amount of his7 average final compensation. If his earning capacity is later changed, the amount of8 his pension may be further modified; provided, that however, the new pension shall9 not exceed the amount of the pension originally granted nor an amount which, when10 added to the amount earnable by the beneficiary retiree together with his annuity,11 equals the amount of his average final compensation.12 (2)(a) The pay which is used to reduce benefits pursuant to Paragraph (1) of13 this Subsection shall not include the amount equal to the difference between the14 beneficiary's retiree's total annual benefit and the poverty threshold for a family unit15 of one person under age sixty-five as determined by the United States Bureau of the16 Census for the year in which such pay is earned.17 (b) Any disability beneficiary retiree who is engaged in a gainful occupation18 shall provide such information or documentation as may be requested by the system19 to implement the provisions of this Paragraph.20 (3)(a) If, pursuant to the provisions of this Subsection, the board of trustees21 reduces the pension of any disability beneficiary retiree of this system who retired22 pursuant to a reciprocal agreement between this system and any other state or23 statewide public retirement system, the reduction shall be subject to Subparagraph24 (b) of this Paragraph, provided the beneficiary retiree satisfies all of the following25 provisions of this Subparagraph:26 (i) The vocational rehabilitation program within the Department of Children27 and Family Services furnishes the beneficiary retiree with durable medical28 HLS 14RS-295 ENGROSSED HB NO. 38 Page 9 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. equipment for use, subject to a requirement that the beneficiary retiree be engaged1 in a gainful occupation for at least twenty hours per week.2 (ii) The beneficiary retiree furnishes any documentation as may be requested3 by the Teachers' Retirement System of Louisiana.4 (b) Any income earned while working the twenty hours required by the5 vocational rehabilitation program in order to use such durable medical equipment6 shall not be included in the pay which is used to implement Paragraph (1) of this7 Subsection. Any income which is derived from the same employment, but which is8 derived from work in excess of the twenty hours required in relation to such9 equipment shall be included for purposes of implementing Paragraph (1) of this10 Subsection.11 D. For the purposes of this Section, there shall be an annual cost-of-living12 adjustment to the average final compensation figure used in the modification13 computations. This cost-of-living adjustment shall be based upon and directly reflect14 the annual percentage increase or decrease in the Consumer Price Index for the15 preceding calendar year.16 E. If any disability beneficiary retiree is restored to active service, his17 retirement allowance shall cease, he shall again become a member of the retirement18 system, and he shall contribute thereafter at the current rate in effect at the time he19 is restored to service, and if he contributes for at least three years, the period of time20 on disability shall be counted as accredited service for purposes of establishing21 retirement eligibility, but not for computation of benefits. Any prior service22 certificate on the basis of which his service was computed at the time of his23 retirement shall be restored to full force and effect and, in addition, upon his24 subsequent retirement he shall be credited with all his service as a member.25 * * *26 HLS 14RS-295 ENGROSSED HB NO. 38 Page 10 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. §783. Selection of option for method of payment after death of member1 A. 2 * * *3 (3) Initial Lump-Sum Benefit. (a) If a member has not participated in the4 Deferred Retirement Option Plan provided by the provisions of this Chapter, he shall5 be eligible to select an initial lump-sum benefit. The initial lump-sum benefit shall6 be available to any member of the system whose first employment making him7 eligible for membership in one of the state retirement systems occurred on or before8 December 31, 2010, and who has thirty years of creditable service, or is at least age9 fifty-five and has twenty-five years of creditable service, or is at least age sixty and10 has ten years of creditable service. Any member of the system whose first11 employment making him eligible for membership in one of the state retirement12 systems occurred on or after January 1, 2011, and on or before June 30, 2014, may13 select the initial lump-sum benefit if he is at least age sixty and has five years of14 service. Any member of the system whose first employment making him eligible for15 membership in one of the state retirement systems occurred on or after July 1, 2014,16 may select the initial lump-sum benefit if he is at least age sixty-two and has five17 years of service. If the maximum benefit, Option 2, 2A, 3, 3A, 4, or 4A above is18 chosen, then the member may further elect to receive a reduced retirement allowance19 plus an initial benefit. The creditable service referenced in this Paragraph shall not20 include unused accumulated sick leave and unused accumulated annual leave.21 * * *22 §786. Deferred Retirement Option Plan23 A.24 * * *25 (2) Any member of this system whose first employment making him eligible26 for membership in one of the state retirement systems occurred on or after January27 1, 2011, and on or before June 30, 2014, and who is not covered by R.S. 11:801 and28 HLS 14RS-295 ENGROSSED HB NO. 38 Page 11 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. who has five years of service credit and is at least age sixty may elect to participate1 in the Deferred Retirement Option Plan.2 (3) Any member of this system whose first employment making him eligible3 for membership in one of the state retirement systems occurred on or before June 30,4 2014, who is covered by the provisions of R.S. 11:801 who has thirty years of5 service credit and is at least age fifty-five or has ten years of service credit and is at6 least age sixty may elect to participate in the Deferred Retirement Option Plan.7 (4) Any member of this system whose first employment making him eligible8 for membership in one of the state retirement systems occurred on or after July 1,9 2014, who has at least five years of service credit and is at least age sixty-two may10 elect to participate in the Deferred Retirement Option Plan.11 * * *12 §802. Eligibility for regular retirement13 A. Any member covered by R.S. 11:801 whose first employm ent making14 him eligible for membership in one of the state systems occurred on or before June15 30, 2014, shall be eligible to retire if he has at least:16 (1) Thirty years of creditable service, and is at least age fifty-five.17 (2) Five years of creditable service, and is at least age sixty.18 B. Any member covered by R.S. 11:801 whose first employment making19 him eligible for membership in a state system occurred on or after July 1, 2014, shall20 be eligible to retire if he has at least:21 (1) Five years of creditable service, and is at least age sixty-two.22 (2) Twenty years of service credit at any age, exclusive of unused annual and23 sick leave and military service other than qualified military service as provided in 2624 U.S.C. 414(u) earned on or after December 12, 1994, but any person retiring under25 this Paragraph shall have his benefit, inclusive of military service credit and26 allowable unused annual and sick leave, actuarially reduced from the earliest age that27 he would normally become eligible for a regular retirement benefit under Paragraph28 (1) of this Subsection if he had continued in service to that age. Any member who29 HLS 14RS-295 ENGROSSED HB NO. 38 Page 12 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. elects to retire under the provisions of this Paragraph shall not be eligible to1 participate in the Deferred Retirement Option Plan provided by R.S. 11:786 or the2 Initial Lump-Sum Benefit option provided by R.S. 11:783.3 * * *4 §1141. Retirement benefits; application; eligibility requirements; effective date;5 cancellation6 A. Any member whose first employment making him eligible for7 membership in one of the state systems occurred on or before June 30, 2010, may8 retire upon written application to the board of trustees, if the member at the time of9 application has attained the age of sixty years and has credit for ten years of10 accredited service or has attained the age of fifty-five years and has credit for11 twenty-five or more years of accredited service or at any age with thirty or more12 years of accredited service. Any member whose first employment making him13 eligible for membership in one of the state systems occurred on or after July 1, 2010,14 and on or before June 30, 2014, may retire upon written application to the board of15 trustees, if the member at the time of application has attained the age of sixty years16 and has credit for five years of accredited service. Any member whose first17 employment making him eligible for membership in one of the state systems18 occurred on or after July 1, 2014, may retire upon written application to the board19 of trustees, if the member at the time of application has attained the age of sixty-two20 years and has credit for five years of accredited service. An application for21 retirement shall be officially filed with the board when received in the office of the22 director. Retirement benefits shall become effective as of the date an application for23 retirement is filed in the office of the director or the day after the member terminates24 from service, whichever is later. A member may cancel his application for25 retirement only prior to negotiating, cashing, or depositing any benefit check26 including an estimated benefit check.27 * * *28 HLS 14RS-295 ENGROSSED HB NO. 38 Page 13 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. §1142. Withdrawal after ten years; retirement allowance at age sixty 1 A. Any member whose first employment making him eligible for2 membership in one of the state systems occurred on or before June 30, 2014, who3 has credit for ten or more years of regular, full-time service may withdraw from4 service and elect to leave his accumulated contributions in the system and upon5 reaching age sixty, he shall be eligible to receive a retirement allowance based on the6 credits he had at the time of his withdrawal from service. 7 B. Any member whose first employment making him eligible for8 membership in one of the state systems occurred on or after July 1, 2014, who has9 credit for ten or more years of regular, full-time service may withdraw from service10 and elect to leave his accumulated contributions in the system and upon reaching age11 sixty-two, he shall be eligible to receive a retirement allowance based on the credits12 he had at the time of his withdrawal from service.13 * * *14 §1147. Disability retirement15 * * *16 C.17 * * *18 (4)(a) Regardless of the effective date of his retirement and notwithstanding19 the provisions of R.S. 11:220(A) and R.S. 11:221(C)221(C), a disability retiree20 whose first employment making him eligible for membership in one of the state21 systems occurred on or before June 30, 2014, shall no longer be required to submit22 to regular medical exams nor to file the annual income report upon attainment of age23 sixty and thereafter.24 (b) Regardless of the effective date of his retirement and notwithstanding the25 provisions of R.S. 11:220(A) and 221(C), a disability retiree whose first employment26 making him eligible for membership in one of the state systems occurred on or after27 July 1, 2014, shall no longer be required to submit to regular medical exams nor to28 file the annual income report upon attainment of age sixty-two.29 HLS 14RS-295 ENGROSSED HB NO. 38 Page 14 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. 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)] Pearson HB No. 38 Abstract: For members joining the system on or after July 1, 2014, changes the retirement age from 60 to 62 for new rank-and-file members of the La. State Employees' Retirement System (LASERS) and all new members of the Teachers' Retirement System of La. (TRSL) and the La. School Employees' Retirement System (LSERS). RETIREMENT ELIGIBILITY Present law for LASERS and TRSL except certain TRSL members paid from school food service funds provides the following retirement eligibilities for members whose first employment making them eligible for membership in any state retirement system occurred on or after Jan. 1, 2011: (1)Retirement at age 60 after five years of service. (2)Retirement at any age after 20 years of service; however, the member's benefit will be actuarially reduced from age 60. Present law provides the following retirement eligibilities for members of TRSL paid from school food service funds: (1)Five years of service and at least age 60. (2)30 years of service and at least age 55. Proposed law retains present law for such members hired on or before June 30, 2014. Present law for LSERS provides the following retirement eligibilities for members whose first employment making them eligible for membership in any state system occurred on or after July 1, 2010: (1)Retirement at age 60 after five years of service. (2)Retirement at any age after 20 years of service; however, member's benefit will be actuarially reduced from age 60. Proposed law retains present law for such members hired on or before June 30, 2014. Proposed law provides for retirement eligibility for the following members whose first employment making them eligible for membership in a state retirement system began on or after July 1, 2014: (1)Rank-and-file members of LASERS. (2)All members of TRSL. (3)All members of LSERS. HLS 14RS-295 ENGROSSED HB NO. 38 Page 15 of 15 CODING: Words in struck through type are deletions from existing law; words underscored are additions. Proposed law provides that such members are eligible for retirement at age 62 after five years of service. For all of the above members that are presently eligible, eligibility for an actuarially reduced retirement after 20 years of service at any age has been retained. The actuarial reduction for new members under proposed law would be from age 62. Proposed law establishes the following retirement eligibilities for TRSL members paid from food service funds whose first employment making them eligible for membership in a state system occurred on or after July 1, 2014: (1)Five years of service and at least age 62. (2)20 years of service at any age, actuarially reduced from age 62. DISABILITY Present law provides that members of LASERS, TRSL, and LSERS who become disabled are required to have a physician certify their continued total disability every three years until they attain age 60. Proposed law retains present law for all members whose first employment making them eligible for membership in a state retirement system occurred prior to July 1, 2014. Proposed law further provides that for all members whose first employment making them eligible for membership in a state retirement system occurred on or after July 1, 2014, such certification must continue until the member attains age 62. COST-OF-LIVING ADJUSTMENTS Present law provides the following qualifications for eligibility for permanent benefit increases granted pursuant to a system's experience account: (1)The retiree must have attained at least age 60 and have been retired for at least one year prior to the granting of the increase. (2)The retiree or the beneficiary of a retiree must have received benefits for at least one year prior to the granting of the increase, and the retiree would have attained age 60 by the time the increase is granted. (3)Disability retirees, regardless of age, must have received benefits for at least one year prior to the granting of the increase. Proposed law retains present law for all members, regardless of the date the member joined the system. Proposed law further provides technical corrections to present law. (Amends R.S. 11:441(A)(2)(b), 461(B)(3)(b), 726(B), 761(A)(3) and (4), 765(A) and (B)(1), 780, 783(A)(3)(a), 786(A)(2) and (3), 802, 1141(A), 1142, and 1147(C)(4); Adds R.S. 11:441(A)(2)(c), 461(B)(3)(c), 761(A)(5), and 786(A)(4))