Louisiana 2021 2021 Regular Session

Louisiana House Bill HB8 Comm Sub / Analysis

                    RÉSUMÉ DIGEST
ACT 2 (HB 8)	2021 Regular Session	Butler
Existing law provides with respect to eligibility for normal retirement benefits from the
Assessors' Retirement Fund (R.S. 11:1421). Provides that a member of the fund hired on or
before Sept. 30, 2013, may be eligible for the benefits of the fund if the member has at least
12 years of service and is at least 55 years of age or has at least 30 years of service at any age.
Existing law further provides that a member hired on or after Oct. 1, 2013, may be eligible
for the benefits of the fund upon written application if the member has at least 12 years of
service and is at least 60 years of age or has at least 30 years of service and is at least 55
years of age.
Existing law requires the assessor to pay certain insurance premium costs for eligible retirees
in the parishes of: Allen, Ascension, Assumption, Avoyelles, Beauregard, Bienville, Caddo,
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. Further
provides that either of the following requirements must be met to be eligible:
(1)The person is elected, appointed, or hired before Aug. 1, 2014, retires in accordance
with normal retirement eligibility under existing law (R.S. 11:1421), and has at least
20 years of service.
(2)The person is elected, appointed, or hired on or after Aug. 1, 2014, retires in
accordance with normal retirement eligibility under existing law (R.S. 11:1421), has
at least 20 years of service, and at least 12 years of service credit was earned at the
assessor's office from which the person retires.
New law adds Evangeline Parish to the list of parishes in which the assessor is required to
pay certain insurance premium costs for eligible retirees.
Effective upon signature of the governor (June 1, 2021).
(Amends R.S. 47:1923(D)(1)(a))