HLS 19RS-230 ORIGINAL 2019 Regular Session HOUSE BILL NO. 17 BY REPRESENTATIVE ABRAHAM Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. RETIREMENT/FIREFIGHTERS: Provides relative to the refund of employee contributions to the Firefighters' Retirement System 1 AN ACT 2To amend and reenact R.S. 11:2256(E)(3)(a) and to repeal R.S. 11:2256(E)(3)(b), relative 3 to employee contributions to the Firefighters' Retirement System; to provide relative 4 to the refund of employee contributions; 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. 11:2256(E)(3)(a) is hereby amended and reenacted to read as 10follows: 11 ยง2256. Benefits; refund of contributions, application, and payment 12 * * * 13 E. 14 * * * 15 (3)(a) Except as provided in Subparagraph (b) of this Paragraph, refunds 16 Refunds of accumulated employee contributions shall not be payable until the refund 17 is approved at a meeting of the board of trustees which occurs at least ninety thirty 18 days after termination or resignation, but and not until all employee contributions for 19 the member have been received by the retirement system. Refunds of accumulated Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 19RS-230 ORIGINAL HB NO. 17 1 employee contributions for members who previously assigned their contributions in 2 consideration of a loan will be processed under the provisions of R.S. 11:2265. 3 * * * 4 Section 2. R.S. 11:2256(E)(3)(b) is hereby repealed in its entirety. 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 17 Original 2019 Regular Session Abraham Abstract: Provides relative to the processing period of refunds of employee contributions to the Firefighters' Retirement System (FRS). Present law provides that a member of FRS who ceases to be an employee, except by death or retirement, may receive a refund of his employee contributions. Requires all employee contributions of a member to be received by the system before a member is eligible to receive a refund of his employee contributions. Proposed law retains present law. Present law provides that refunds are not payable until at least 90 days after termination or resignation. Proposed law requires the board of trustees to approve the refund at a board meeting occurring at least 30 days after termination or resignation. Present law provides that the board may authorize an accelerated refund if the refund is based on a bona fide emergency circumstance. Proposed law repeals present law. (Amends R.S. 11:2256(E)(3)(a); Repeals 11:2256(E)(3)(b)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.