Allows judgment for restitution of stolen public funds to be levied against convicted employee's retirement allowance or pension contributions.
Impact
If enacted, this bill would significantly alter existing protections for public employees' pensions, enabling state or public employers to enforce restitution for financial crimes directly from retirement benefits. The legislation is intended to enhance accountability for public employees and ensure that stolen funds can be recovered effectively through the garnishment of their pensions. It reflects a legislative effort to strengthen the safeguards against financial misconduct and misuse of taxpayer funds.
Summary
Senate Bill S1898 aims to amend legislation concerning the taxation rules related to pensions and retirement allowances of public employees convicted of financial crimes. The primary provision of the bill allows for the garnishment of retirement allowances or pension contributions to repay stolen public funds. Under current law, such funds are exempt from garnishment or any levy processes, but this bill introduces an exception for cases involving theft or misuse of public funds.
Contention
The introduction of S1898 has sparked discussions regarding its potential implications for public sector employees. Proponents argue that this measure is crucial for deterring financial misconduct by ensuring that convicted individuals cannot benefit from their pensions after engaging in theft or fraud against public resources. Critics, however, express concerns about the fairness of penalizing employees post-conviction by diminishing their retirement benefits, especially in cases where the theft may not have been directly related to their job responsibilities.
Carry Over
Allows judgment for restitution of stolen public funds to be levied against convicted employee's retirement allowance or pension contributions.
Requires public officer or employee to forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Allows garnishment of Louisiana public retirement or pension system, plan, or fund benefits of an elected official or public employee to pay fine or restitution, or any costs of incarceration, probation, or parole, imposed for a felony associated with his office. (7/1/10) (EN NO IMPACT APV)
Retirement benefits, revise circumstances when an individual's pension, annuity, or retirement allowance benefits are subject to certain recovery actions
Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Requires public officer or employee to forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.
Requires public officer or employee forfeit pension upon conviction of certain crimes; alters factors determining honorable service; opens pension to garnishment upon conviction of certain offenses.