Directs the Firefighters' Retirement System to form a committee to study issues related to allowing employees of private entities to participate in the system
Impact
The impact of HCR61 on state laws revolves around the potential modification of how the Firefighters' Retirement System operates. By considering the inclusion of private entity employees, the bill aims to broaden the scope of participant eligibility, which may have implications for funding, governance, and overall structural integrity of the retirement system. Such changes might also encourage other retirement systems to evaluate their own policies regarding employee participation from various sectors.
Summary
HCR61 directs the Firefighters' Retirement System to form a committee tasked with studying issues related to allowing employees of private entities to participate in the system. This bill reflects the ongoing efforts to explore ways to expand benefits and participation options for various workers within the retirement framework designed for firefighters. Given the historical context of the retirement systems, this bill could signify a notable step toward inclusivity with regard to private sector workers.
Sentiment
The sentiment surrounding HCR61 appears to be favorable, with an expressed interest in the benefits that may be extended to a wider demographic of employees. The legislative discussions likely highlight support for enhancing benefits for workers that align with the objectives of consolidating the workforce and ensuring better financial security for all firefighters and associated personnel during retirement.
Contention
While HCR61 passed with overwhelming support (97 votes in favor and none against), potential points of contention could arise regarding the specifics of how private entity participation would be implemented in practice. Concerns may include the risk of financial strain on the retirement system as new participants are introduced, alongside discussions on the equality of benefits and the need for safeguarding the interests of existing members.
Directs the Firefighters' Retirement System to form a committee to study issues related to allowing employees of private entities to participate in the system
Provides relative to the administration and participation in the Deferred Retirement Option Plan for the Firefighters' Retirement System (EN SEE ACTUARIAL NOTE APV)
Relative to state retirement systems, requests the House and Senate committees on retirement to study issues related to board membership and system investments
Directs the La. State Employees' Retirement System, the Teachers' Retirement System of La., the La. School Employees' Retirement System, and the La. State Police Pension and Retirement System to report specified information to the House and Senate committees on retirement (EN NO IMPACT APV)
Requests the Firefighters' Retirement System to study the feasibility of merging members of the New Orleans Firefighters' Pension and Relief Fund hired after a certain date into the system
Provides relative to enrollment of employees in the Firefighters' Retirement System or the Municipal Police Employees' Retirement System (EN INCREASE APV)
Designating the existing fallen firefighters memorial within the Kansas firefighters museum in Wichita as the official fallen firefighters memorial of the state of Kansas and replacing the Kansas firefighters memorial advisory committee with the Kansas firefighter memorial council; defining the fireworks sales season for seasonal retailers of consumer fireworks, providing for year-round sales by permanent retailers of consumer fireworks, requiring permanent retailers to register with the state fire marshal.
Requests the Firefighters' Retirement System to study the feasibility of merging members of the New Orleans Firefighters' Pension and Relief Fund hired after a certain date into the system