HLS 25RS-198 ORIGINAL 2025 Regular Session HOUSE BILL NO. 9 BY REPRESENTATIVE BAGLEY Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. RETIREMENT/STATE EMPS: Provides relative to retirement eligibility in the Louisiana State Employees' Retirement System 1 AN ACT 2To amend and reenact R.S. 11:441(A)(2), relative to the Louisiana State Employees' 3 Retirement System; to provide relative to retirement eligibility; and to provide for 4 related matters. 5 Notice of intention to introduce this Act has been published 6 as provided by Article X, Section 29(C) of the Constitution 7 of Louisiana. 8Be it enacted by the Legislature of Louisiana: 9 Section 1. R.S. 11:441(A)(2) is hereby amended and reenacted to read as follows: 10 ยง441. Eligibility for retirement 11 A. 12 * * * 13 (2)(a) Any member hired on or after July 1, 2006, shall be eligible for 14 retirement if he has: 15 (i) Thirty years or more of service, at any age. 16 (ii) Five years or more of service, at age sixty or thereafter. 17 (ii)(iii) Twenty years of service credit at any age, exclusive of military 18 service and unused annual and sick leave; however, any person retiring under this 19 Item shall have his benefit, inclusive of military service credit and allowable unused 20 annual and sick leave, actuarially reduced from the earliest age that he would Page 1 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 25RS-198 ORIGINAL HB NO. 9 1 normally become eligible for a regular retirement benefit under Item (i) or (ii) of this 2 Subparagraph if he had continued in service to that age. Any employee who elects 3 to retire under the provisions of this Item shall not be eligible to participate in the 4 Deferred Retirement Option Plan provided by R.S. 11:447 or the Initial Benefit 5 Option provided by R.S. 11:446. 6 (b) Except for members of the Hazardous Duty Services Plan, as defined in 7 R.S. 11:612, any member whose first employment making him eligible for 8 membership in one of the state systems occurred on or after January 1, 2011, and on 9 or before June 30, 2015, including any judge, court officer, governor, lieutenant 10 governor, clerk or sergeant-at-arms of the House of Representatives, secretary or 11 sergeant-at-arms of the Senate, or state treasurer, shall be eligible for retirement if 12 he has: 13 (i) Thirty years or more of service, at any age. 14 (ii) Five years or more of service, at age sixty or thereafter. 15 (ii) (iii) Twenty years of service credit at any age, exclusive of military 16 service and unused annual and sick leave, but any person retiring under this Item 17 shall have his benefit, inclusive of military service credit and allowable unused 18 annual and sick leave, actuarially reduced from the earliest age that he would 19 normally become eligible for a regular retirement benefit under Item (i) or (ii) of this 20 Subparagraph if he had continued in service to that age. Any employee who elects 21 to retire under the provisions of this Item shall not be eligible to participate in the 22 Deferred Retirement Option Plan provided by R.S. 11:447 or the Initial Benefit 23 Option provided by R.S. 11:446. 24 (c) Except for members of the Hazardous Duty Services Plan, as defined in 25 R.S. 11:612, any member whose first employment making him eligible for 26 membership in one of the state systems occurred on or after July 1, 2015, including 27 any judge, court officer, governor, lieutenant governor, clerk or sergeant-at-arms of 28 the House of Representatives, secretary or sergeant-at-arms of the Senate, or state 29 treasurer, shall be eligible for retirement if he has: Page 2 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 25RS-198 ORIGINAL HB NO. 9 1 (i) Thirty years or more of service, at any age. 2 (ii) Five years or more of service, at age sixty-two or thereafter. 3 (ii)(iii) Twenty years of service credit at any age, exclusive of military 4 service and unused annual and sick leave, but any person retiring under this Item 5 shall have his benefit, inclusive of military service credit and allowable unused 6 annual and sick leave, actuarially reduced from the earliest age that he would 7 normally become eligible for a regular retirement benefit under Item (i) or (ii) of this 8 Subparagraph if he had continued in service to that age. Any employee who elects 9 to retire under the provisions of this Item shall not be eligible to participate in the 10 Deferred Retirement Option Plan provided by R.S. 11:447 or the Initial Benefit 11 Option provided by R.S. 11:446. 12 * * * 13 Section 2. The cost of this Act, if any, shall be funded with additional employer 14contributions in compliance with Article X, Section 29(F) of the Constitution of Louisiana. 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 9 Original 2025 Regular Session Bagley Abstract: Provides relative to eligibility for retirement in the La. State Employees' Retirement System (LASERS). Present law provides that retirement eligibility in LASERS varies depending on the date of the member's first employment making him eligible for membership in one of the state retirement plans. Specifically provides as follows regarding eligibility for retirement without an actuarial reduction: (1)For a member whose first employment was on or after July 1, 2006, and for any judge, court officer, governor, lieutenant governor, clerk or sergeant-at-arms of the House of Representatives, secretary or sergeant-at-arms of the Senate, or state treasurer whose first employment occurred between Dec. 31, 2010, and July 1, 2015: five years or more of service, at age 60 or thereafter. (2)For a member whose first employment was on or after July 1, 2015: five years or more of service, at age 62 or thereafter. Proposed law provides that any such member, regardless of his date of first employment or age, is eligible to retire if he has 30 years of service. Page 3 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 25RS-198 ORIGINAL HB NO. 9 Proposed law requires that any cost of proposed law be funded with additional employer contributions in compliance with present constitution (Art. X, Sec. 29(F)). (Amends R.S. 11:441(A)(2)) Page 4 of 4 CODING: Words in struck through type are deletions from existing law; words underscored are additions.