Creates a portable retirement savings plan for private sector employees. (7/1/14) (OR DECREASE FC GF RV)
Requires the Louisiana Deferred Compensation Plan to provide a voluntary option investment, provides for commission membership, and requires reporting
Provides relative to the optional retirement plan and defined benefit plan for the Teachers' Retirement System of Louisiana (EN SEE ACTUARIAL NOTE APV)
Provides for the definition of "regular retirement plan" for higher education employees participating in the Teachers' Retirement System of Louisiana. (2/3 - CA10s29(F)) (gov sig) (EG1 INCREASE APV)
Establishes a minimum employer contribution rate for the Optional Retirement Plan in the Teachers' Retirement System of Louisiana (EN INCREASE FC SG LF EX)
Provides for participation by certain entities in the Municipal Employees' Retirement System of Louisiana (EN INCREASE APV)
Provides relative to Deferred Retirement Option Plan accounts in the Parochial Employees' Retirement System and interest on such accounts (EN NO IMPACT APV)
Provides relative to the payment of unfunded accrued liabilities of the Teachers' Retirement System of La. from minimum foundation program funds allocated to charter schools (OR INCREASE SG RV See Note)