Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB29 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Margaret M. Corley.
DIGEST
Present law generally prohibits any retiree of the Teachers' Retirement System of Louisiana from
receiving a retirement benefit while reemployed, subject to certain exceptions.  Provides that the
benefit of a reemployed retiree is suspended for the duration of reemployment.
Present law allows certain classes of retirees, including those holding advanced degrees in speech
therapy, speech pathology, and audiology, to avoid benefit suspension during reemployment.
Proposed law adds retirees reemployed as educational diagnosticians and reading specialists to
the exceptions to present law.
Proposed law requires any cost of proposed law to be funded with additional employer
contributions in compliance with Art. X, Section 29(F) of the state constitution.
Effective June 30, 2014.
(Amends R.S. 11:710(A)(6))