Louisiana 2014 2014 Regular Session

Louisiana Senate Bill SB555 Introduced / Bill

                    SLS 14RS-340	ORIGINAL
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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, 2014
SENATE BILL NO. 555
BY SENATOR MORRISH 
TEACHERS RETIREMENT.  Provides for reemployment following retirement. 
(2/3-CA10s29(F)) (6/30/14)
AN ACT1
To enact R.S. 11:710(A)(9), relative to the Teachers' Retirement System of Louisiana; to2
allow retirees who have attained the age of sixty-five to avoid suspension of benefits3
during reemployment; to provide for an effective date; and to provide for related4
matters.5
Notice of intention to introduce this Act has been published.6
Be it enacted by the Legislature of Louisiana:7
Section 1.  R.S. 11:710(A)(9) is hereby enacted to read as follows: 8
ยง710. Employment of retirees9
A. For purposes of this Section, "retired teacher" shall mean any of the10
following:11
*          *          *12
(9) A retired member who returns to work after he has attained the age13
of sixty-five. Notwithstanding the provisions of Subparagraph (B)(1)(a) of this14
Section, any retired member who returns to active service qualifying him as a15
retired teacher under this Paragraph shall not be considered a retired teacher16
under any other Paragraph of this Section.17 SB NO. 555
SLS 14RS-340	ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
*          *          *1
Section 2. The cost of this Act, if any, shall be funded with additional employer2
contributions in compliance with Article X, Section 29(F) of the Constitution of Louisiana.3
Section 3. This Act shall become effective on June 30, 2014; if vetoed by the4
governor and subsequently approved by the legislature, this Act shall become effective on5
June 30, 2014, or on the day following such approval by the legislature, whichever is later.6
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Margaret M. Corley.
DIGEST
Morrish (SB 555)
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.
Proposed law adds retirees who have attained the age of 65 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.
(Adds R.S. 11:710(A)(9))