Louisiana 2015 2015 Regular Session

Louisiana House Bill HB39 Comm Sub / Analysis

                    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)]
HB 39 Engrossed	2015 Regular Session	Tim Burns
Abstract:  Authorizes the city of Mandeville to pay all or part of the required employee
contributions on behalf of its employees to the Municipal Employees' Retirement System
(MERS).
Present law establishes MERS and sets forth required employee and employer contributions from
participating members and employers.
Present law (R.S. 11:62(7)) establishes the following employee contribution rate ranges for members
participating in MERS and authorizes the board of trustees of MERS to set the required rate within
the applicable range:
(1)For members of Plan A - Not less than 9.25% nor more than 10%.
(2)For members of Plan B - Not less than 5% nor more than 6%.
Present law (R.S. 11:1865-1868) authorizes the following cities to pay MERS employee
contributions on behalf of their employees: Monroe, Port Allen, Kenner, and Slidell.
Proposed law adds the city of Mandeville to this list of authorized employers.
Effective June 30, 2015.
(Adds R.S. 11:1869)