Louisiana 2019 2019 Regular Session

Louisiana House Bill HB20 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 20 Engrossed	2019 Regular Session	Pearson
Abstract: Allows certain members of the La. School Employees' Retirement System (LSERS) to
withdraw from the system and leave accumulated contributions in the system until age 62. 
Present law authorizes members of LSERS with a specified minimum number of years of service
to withdraw from service and leave their contributions in the system and to begin receiving a
retirement benefit upon reaching a specified age.
Present law authorizes a member whose first employment making him eligible for membership in
one of the state systems occurred on or after July 1, 2015, to exercise this option if he has credit for
10 or more years of service.  Proposed law authorizes such a member to exercise this option if he
has credit for five or more years of service.
(Amends R.S. 11:1142(C))