Louisiana 2018 2018 Regular Session

Louisiana House Bill HB9 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 9 Reengrossed	2018 Regular Session	Ivey
Abstract:  Provides for definitions consistent with provisions of the Internal Revenue Code relative
to direct rollovers of sums from qualified plans to the Firefighters' Retirement System (the
system) and from the system to other qualified plans.
Present law authorizes the system to permit direct rollovers of sums from other qualified plans as
provided by the Internal Revenue Code.
Proposed law retains present law and authorizes a recipient of funds from the system to directly
rollover such funds into another retirement plan.  Defines applicable terms in conformity with the
provisions of federal law relative to tax-qualified defined benefit plans.
(Amends R.S. 11:2254(D) and (E); Adds R.S. 11:2254(F) and (G))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Retirement to the original bill:
1. Make technical changes.
The House Floor Amendments to the engrossed bill:
1. Make technical changes.