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 Original 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 removes present law thus allowing a retiree to work part time without a benefit
reduction.
Present law provides that such an employee is not a member of the system. Provides that during
such reemployment, if first reemployment occurs on or after July 1, 2016, the retiree and the
employer make contributions to the retirement system. Authorizes the employee, upon termination
of reemployment, 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)(1); Repeals R.S. 11:1762(A)(2) and (D))