HLS 18RS-264 ORIGINAL
2018 Regular Session
HOUSE BILL NO. 10
BY REPRESENTATIVE IVEY
RETIREMENT/FIREFIGHTERS: Provides for the payment of refunded contributions to
members of the Firefighters' Retirement System
1 AN ACT
2To amend and reenact R.S. 11:2256(E)(1) and (3), relative to the Firefighters' Retirement
3 System; to provide relative to refunds of accumulated contributions; to require board
4 approval of requested refunds; to provide relative to the timing of such refunds; and
5 to provide for related matters.
6 Notice of intention to introduce this Act has been published
7 as provided by Article X, Section 29(C) of the Constitution
8 of Louisiana.
9Be it enacted by the Legislature of Louisiana:
10 Section 1. R.S. 11:2256(E)(1) and (3) are hereby amended and reenacted to read as
11follows:
12 ยง2256. Benefits; refund of contributions, application, and payment
13 * * *
14 E.(1) Any member who ceases to be an employee, except by death or
15 retirement under the provisions of this Subpart, may apply for and obtain a refund
16 of the amount of the accumulated employee contributions on deposit in his individual
17 account in the Annuity Savings Fund. No refund shall be payable to any applicant
18 if the applicant becomes employed again as an employee as defined in R.S.
19 11:2252(9) prior to the processing of his refund request by the retirement system.
20 * * *
21 (3)(a) Except as provided in Subparagraph (b) of this Paragraph, refunds The
22 board of trustees may approve an application for refund of accumulated employee
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 18RS-264 ORIGINAL
HB NO. 10
1 contributions shall not be payable until at least ninety days after thirty days have
2 elapsed after termination or resignation, but not until all employee contributions for
3 the member have been received by the retirement system. Refunds of accumulated
4 employee contributions for members who previously assigned their contributions in
5 consideration of a loan will be processed under the provisions of R.S. 11:2265.
6 (b) Notwithstanding the provisions of Subparagraph (a) of this Paragraph,
7 the board of trustees may authorize the refund of accumulated employee
8 contributions after at least forty-five days have elapsed after termination or
9 resignation, provided any such accelerated refund is based on a bona fide emergency
10 circumstance. Every such accelerated refund must be approved by the board at a
11 regularly scheduled or specially scheduled board meeting before the refund is paid.
12 * * *
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 10 Original 2018 Regular Session Ivey
Abstract: Reduces delay for payment of refunded employee contributions from no less than
90 days to no less than 30 days upon board approval of requested refund and
eliminates accelerated refunds based on hardship for members of the Firefighters'
Retirement System (the system).
Present law provides that any member of the system who ceases to be an employee, except
by death or retirement, may apply for and obtain a refund of the amount of the accumulated
contributions on deposit in his individual account. To obtain a refund, the member must
complete and submit an application form certified by the employer not earlier than 30 days
after termination or resignation.
Present law provides that refunds of accumulated employee contributions shall not be
payable until at least 90 days after termination or resignation. Proposed law provides that
refunds shall not be payable until approved by the board of trustees and until 30 days have
elapsed after termination or resignation.
Present law provides that the board may authorize the refund of accumulated employee
contributions after 45 days have elapsed after termination or resignation, provided the
accelerated refund is based on a bona fide emergency circumstance. Further provides that
each such refund shall be approved by the board before the refund is paid. Proposed law
repeals present law.
(Amends R.S. 11:2256(E)(1) and (3))
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.