GREEN SHEET REDIGEST
HB 744 2024 Regular Session Glorioso
WILDLIFE & FISHERIES: Provides relative to Wildlife Rehabilitation Program rules.
DIGEST
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 retains present law and further provides that a person who retired with more
than 30 years of services and is at least age 60 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.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Retirement
1. Provides the additional qualification that a member be at least age 60.
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Prepared by Alana Perrin