Louisiana 2020 2020 Regular Session

Louisiana House Bill HB14 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 14 Original	2020 Regular Session	Carpenter
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 provides that refunds are not payable until the board of trustees approves
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))