Louisiana 2020 2020 Regular Session

Louisiana House Bill HB10 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 10 Original	2020 Regular Session	Edmonds
Abstract:  Changes the computation of average compensation for retirees in the Teachers'
Retirement System of La. (TRSL) when such calculation is affected by a gap in service that
spans more than 10 years.
Present law provides for the calculation of average compensation in the formula used to calculate
a retiree's retirement benefits.
Present law provides that average compensation is calculated over a three-year period for any teacher
whose first employment making him eligible for membership in one of the state retirement systems
occurred on or before Dec. 31, 2010, and over a five-year period for a teacher whose first
employment occurs after that date.
Present law provides that certain compensation is excluded from average compensation if year-over-
year compensation increases exceed specified limits.
Proposed law provides that limits on compensation in the first year of the average compensation
calculation period do not apply if the 12 previous months of employment spanned an interruption
in service of more than 10 years.
(Amends R.S. 11:701(5)(e); Adds R.S. 11:701(5)(f))