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Regular Session, 2014 ENROLLED
SENATE RESOLUTION NO. 191
BY SENATOR GUILLORY
A RESOLUTION
To urge and request the Senate Committee on Retirement to study the effects of extending
the participation period of deferred retirement option plans (DROP) from three to
five years.
WHEREAS, the legislature has deep care and concern for the funding and health of
the public retirement systems in Louisiana, and is diligent in its duty to assure that public
servants have a sustainable retirement; and
WHEREAS, there are thirteen public retirement systems in the state of Louisiana that
the legislature oversees: Louisiana State Employees' Retirement System, Teachers'
Retirement System of Louisiana, Louisiana School Employees' Retirement System,
Louisiana State Police Retirement System, Louisiana Assessors' Retirement Fund, Clerks'
of Court Retirement and Relief Fund, District Attorneys' Retirement System, Firefighters'
Retirement System, Municipal Employees' Retirement System of Louisiana, Municipal
Police Employees' Retirement System, Parochial Employees' Retirement System of
Louisiana, Registrars of Voters Employees' Retirement System, and Sheriffs' Pension and
Relief Fund; and
WHEREAS, it is clear that DROP either increases employer contributions or reduces
employee benefits, neither of which is considered good policy by this legislature; and
WHEREAS, the value of the benefits that have been lost through DROP participation
cannot be ascertained; and
WHEREAS, a brief examination of the Louisiana Public Retirement Law shows
unequivocally that altering a benefit for one system often leads to other systems making the
same change, which in this case may produce a substantial but unknown cost to be incurred
by the state and its public subdivisions.
THEREFORE, BE IT RESOLVED that the Senate of the Legislature of Louisiana
does hereby urge and request the Senate Committee on Retirement to study the effects of
extending the participation period of deferred retirement option plans from three to five
years. SR NO. 191 ENROLLED
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BE IT FURTHER RESOLVED that the Louisiana Legislative Auditor and the
Legislative Fiscal Office are encouraged to participate in this study.
PRESIDENT OF THE SENATE