Louisiana 2016 2016 Regular Session

Louisiana House Bill HB904 Introduced / Bill

                    HLS 16RS-302	ORIGINAL
2016 Regular Session
HOUSE BILL NO. 904
BY REPRESENTATIVE BILLIOT
RETIREMENT/MUNICIPAL EMP:  Provides an exception to the earnings limitation
applicable to a reemployed retiree of the Municipal Employees' Retirement System
1	AN ACT
2To amend and reenact R.S. 11:1762(B), relative to reemployed retirees of the Municipal
3 Employees' Retirement System; to provide relative to the retirement benefits such
4 a person may receive; and to provide for related matters.
5	Notice of intention to introduce this Act has been published
6	as provided by Article X, Section 29(C) of the Constitution
7	of Louisiana.
8Be it enacted by the Legislature of Louisiana:
9 Section 1.  R.S. 11:1762(B) is hereby amended and reenacted to read as follows: 
10 ยง1762.  Reemployment of retirees 
11	*          *          *
12	B.(1)  Whenever Except as provided in Paragraph (2) of this Subsection, if
13 a retired member receiving normal retirement benefits becomes reemployed by an
14 employer such that his monthly earnings exceed the difference between his monthly
15 average final compensation and his monthly retirement benefit, his retirement
16 benefits shall be reduced by the amount his monthly earnings exceed the difference
17 between his monthly average final compensation and his monthly retirement benefit
18 for every month of such employment and he shall not be a member of the system.
19	(2)  An operator of a water supply system or a sewerage system who has been
20 certified pursuant to R.S. 40:1281.1 et seq. may return to work in such a position for
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CODING:  Words in struck through type are deletions from existing law; words underscored
are additions. HLS 16RS-302	ORIGINAL
HB NO. 904
1 not more than a lifetime total of three years without the reduction of benefits
2 required by Paragraph (1) of this Subsection.
3	*          *          *
4 Section 2.  This Act shall become effective on July 1, 2016; if vetoed by the governor
5and subsequently approved by the legislature, this Act shall become effective on July 1,
62016, or on the day following such approval by the legislature, whichever is later.
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 904 Original 2016 Regular Session	Billiot
Abstract:  Provides an exception, applicable to certified water and sewerage system
operators, to a required reduction in retirement benefits for reemployed retirees from
the Municipal Employees' Retirement System (MERS).
Present law provides that during a period of reemployment of a retiree of MERS, his
employment income plus his retirement benefit may not exceed his average final
compensation; if it does, his retirement benefit is reduced by the excess amount.
Proposed law retains present law except to provide that the required reduction in benefits
does not apply to a certified operator of a water supply or sewerage system who returns to
work in such a position.  Limits this exception to not more than a lifetime total of three
years.
Effective July 1, 2016.
(Amends R.S. 11:1762(B))
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CODING:  Words in struck through type are deletions from existing law; words underscored
are additions.