The original instrument was prepared by Laura Gail Sullivan. The following
digest, which does not constitute a part of the legislative instrument, was prepared
by Nancy Vicknair.
DIGEST
Guillory (SB 20)
Proposed law amends present law to keep the provisions governing the Teachers' Retirement
System of Louisiana in conformity with the provisions of present federal law requirements for
tax-qualified defined benefit plans.
Effective July 1, 2014.
(Amends R.S. 11:701(10), (11), (12), (24), and (33)(a)(i), (ii)(aa), and (xiii) and (b)(i), 702(A)
and (B), 723(A)(1), 781(B), 784(A), (C)(2), and (F), 784.1(A), (B), (C), and (D), 785.1(A) and
(C), 792(A), (B), (C), and (D), and 826; adds R.S. 11:701(14.1), (22.1), and (33)(a)(xiv) and
781(C); repeals R.S. 11:723(B))
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill
1. Makes technical changes.
2. Requires, rather than authorizes, that prior to January 1, 1995, system members
not receive an annual retirement benefit that exceeds the limits specified in
Section 415(b) of the Internal Revenue Code.
3. Requires, rather than authorizes, that on and after January 1, 1995, system
members not receive an annual retirement benefit that exceeds the dollar amount
specified in Section 415(b)(1)(A) of the Internal Revenue Code.