HLS 24RS-1190 ENGROSSED
2024 Regular Session
HOUSE BILL NO. 744
BY REPRESENTATIVE GLORIOSO
RETIREMENT/MUNICIPAL EMP: Provides relative to part-time reemployment of
retirees in the Municipal Employees' Retirement System
1 AN ACT
2To amend and reenact R.S. 11:1762(A), relative to the Municipal Employees Retirement
3 System; to provide relative to the retirement benefit of retirees who return to part-
4 time employment in a position covered by the system; and to provide for related
5 matters.
6 Notice of intention to introduce this Act has been published
7 as provided by Article X, Section 29(C) of the Constitution
8 of Louisiana.
9Be it enacted by the Legislature of Louisiana:
10 Section 1. R.S. 11:1762(A) is hereby amended and reenacted to read as follows:
11 ยง1762. Part-time reemployment of retirees
12 A.(1) Whenever a retiree receiving normal retirement benefits becomes
13 reemployed by an employer but he does not meet the definition of an employee and
14 either his monthly earnings are equal to or less than the difference between his
15 monthly average final compensation and his monthly retirement benefit or he has
16 more than thirty years of creditable service, his retirement benefits shall continue and
17 he shall not be a member of the system.
18 (2) Whenever a retiree who has thirty years or less of creditable service and
19 who is receiving normal retirement benefits becomes reemployed by an employer but
20 he does not meet the definition of an employee and his monthly earnings exceed the
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions. HLS 24RS-1190 ENGROSSED
HB NO. 744
1 difference between his monthly average final compensation and his monthly
2 retirement benefit, his retirement benefits shall be reduced by the amount his
3 monthly earnings exceed the difference between his monthly average final
4 compensation and his monthly retirement benefit for every month of such
5 employment and he shall not be a member of the system. The calculation of monthly
6 earnings shall not include income attributable to service as a part-time elected
7 official listed in R.S. 11:164.
8 * * *
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 744 Engrossed 2024 Regular Session Glorioso
Abstract: Provides relative to reemployed retirees of the Municipal Employees' Retirement
System (MERS).
Present law requires a reduction of retirement benefits for a MERS retiree who is
reemployed part time (less than an average of 35 hours per week) in a position covered by
MERS if his monthly earnings exceed the difference between his monthly average final
compensation and his monthly retirement benefit. Provides that the benefit is reduced by
the amount his monthly earnings exceed the difference between his monthly average final
compensation and his monthly retirement benefit. Further provides for an annual adjustment
to the base amount which triggers the reduction.
Proposed law provides that a person who retired with more than 30 years of services is not
subject to the benefit reduction.
Present law provides that such an employee is not a member of the system. Provides that
during such redeployment, if first redeployment occurs on or after July 1, 2016, the retiree
and the employer make contributions to the retirement system. Authorizes the employee,
upon termination of redeployment, to receive a refund of his contributions but provides that
he shall receive no additional service credit or additional retirement benefit.
Proposed law retains present law.
(Amends R.S. 11:1762(A))
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on Retirement to the
original bill:
1. Change proposed law from removing the requirement for the benefit reduction
to exempting retirees with more than 30 years of service from the required
reduction.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.