This bill amends and reenacts several sections of the Louisiana Revised Statutes related to the Municipal Police Employees' Retirement System. Key changes include the composition of the board of trustees, which will now consist of sixteen members instead of fifteen, and the introduction of new provisions regarding employer participation and the collection of delinquent payments. Specifically, the bill establishes that employees eligible for the retirement system must make an irrevocable decision regarding their membership within thirty days of eligibility. Additionally, it modifies the process for survivor benefits, stipulating that applications must be fully completed by a specified deadline to ensure timely benefit payments.

The bill also introduces new provisions for handling delinquent payments, allowing the board of trustees to approve payment plans for up to fifteen years for amounts that became delinquent before June 30, 2024. Furthermore, it includes a severability clause to ensure that if any part of the law is found invalid, the remaining provisions will still be enforceable. The bill repeals certain existing statutes and provides an exemption from civil liability for public officials acting in good faith under this law. The effective date for the bill is set for June 30, 2024.

Statutes affected:
HB42 Original: 11:157(A)(1), 11:2213(11), 11:2225(A)(2), 11:2227(D)(2)
HB42 Engrossed: 11:2225(A)(2), 11:2227(D)(2)
HB42 Reengrossed: 11:2225(A)(2), 11:2227(D)(2)
HB42 Enrolled: 11:157(A)(1), 11:2220(B)(2), 11:2225(A)(2), 11:2227(D)(2), 11:2213(11), 11:2220(J)(4), 11:2221(K)(4)