The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Michael Bell.
DIGEST
SB 24 Engrossed 2019 Regular Session Peacock
Present law provides with respect to eligibility for normal retirement benefits from the Assessors'
Retirement Fund (R.S. 11:1421), which benefits include the payment of certain types of insurance
premiums.
(1)Provides that a person hired on or before Sept. 30, 2013, may retire with:
(a)At least 12 years of service if the person is at least 55 years of age; or
(b)At least 30 years of service at any age.
(2) Provides that a person hired on or after Oct. 1, 2013, may retire with:
(a)At least 12 years of service if the person is at least 60 years of age; or
(b)At least 30 years of service if the person is at least 55 years of age.
Present law provides additional normal retirement eligibility requirements for retirees from the
assessors' offices in the parishes of: Allen, Ascension, Assumption, Avoyelles, Beauregard,
Bienville, Calcasieu, Caldwell, Cameron, Catahoula, Claiborne, Concordia, DeSoto, East Baton
Rouge, Franklin, Iberia, Iberville, Jackson, Jefferson, Lafayette, Lafourche, LaSalle, Lincoln,
Livingston, Madison, Morehouse, Natchitoches, Orleans, Ouachita, Plaquemines, Pointe Coupee,
Rapides, Red River, Sabine, St. Bernard, St. Charles, St. Helena, St. John the Baptist, St. Landry,
St. Martin, Tangipahoa, Tensas, Terrebonne, Union, Vermilion, Vernon, Washington, Webster, West
Baton Rouge, West Carroll, and West Feliciana. Specifically, provides:
(1)That a person elected, appointed, or hired before August 1, 2014, may retire with:
(a)Normal retirement eligibility under Title 11; and
(b)At least 20 years of service.
(2)That a person elected, appointed or hired on or after August 1, 2014, may retire with:
(a)Normal retirement eligibility under Title 11; and
(b)At least 20 years of service; and
(c)At least 12 years of service credit earned at the assessor's office from which the person retires.
Proposed law adds Caddo parish to the list of parishes with the additional normal retirement
eligibility requirements.
Effective upon signature of the governor or lapse of time for gubernatorial action.
(Amends R.S. 47:1923(D)(1)(a))