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))