Louisiana House Bill HB24

Louisiana 2012 Regular Session

• Introduced: 3/12/12
• Refer: 3/12/12
• Report Pass: 4/2/12
• Engrossed: 4/9/12
• Refer: 4/10/12
• Report Pass: 5/2/12
• Enrolled: 5/9/12
• Chaptered: 5/11/12
• Passed: 5/11/12

Caption

Relative to the payment of group insurance premiums for retired sheriffs and employees of the Bossier Parish Sheriff's Office (EN NO IMPACT LF EX See Note)

Impact

The bill's implementation is expected to bolster financial support for retired law enforcement personnel in Bossier Parish, addressing a significant aspect of their post-retirement benefits. By detailing the requirements for insurance premium payments and the use of funds, HB24 ensures that retired sheriffs and deputies receive essential health coverage. Moreover, the investment provisions set forth in the legislation aim to maintain a substantial principal to secure adequate resources for ongoing payments without depleting the general fund of the sheriff's office.

Summary

House Bill 24 addresses the payment of group insurance premiums specifically for retired sheriffs and employees of the Bossier Parish Sheriff's Office. The bill amends existing regulations to ensure that the Bossier Parish Sheriff's Office covers these insurance costs for qualifying retired individuals. HB24 also establishes a framework for the administrative and financial management of the Bossier Parish Retired Employees Insurance Fund (BREIF), ensuring that the funds necessary for these payments are adequately secured and invested for sustainability.

Sentiment

Overall, the sentiment regarding HB24 seems to be positive, with a clear acknowledgment of the duty to support retired law enforcement personnel. Supporters view the bill as a vital step in providing for those who have served, reflecting a commitment to their welfare after retirement. Minimal dissent was noted during discussions, indicating that the bill has broad support within the legislative framework, suggesting that it aligns with the values of community and service seen in law enforcement.

Contention

While the bill appears to operate without significant opposition, potential areas of contention may arise regarding the funding mechanisms for the BREIF. Concerns may include ensuring sufficient investment returns and managing the fund in a way that guarantees ongoing viability. Moreover, debates could emerge on how well the provisions meet the diverse needs of the retired employees beyond just insurance coverage, such as support for various health-related issues that they may face.