The bill amends and reenacts R.S. 11:2175(E)(1) and enacts R.S. 11:2175(E)(7) concerning the Sheriffs' Pension and Relief Fund in Louisiana. It allows for the reemployment of retirees in sheriff's offices on a part-time basis with specific earnings limits. Under the amended provisions, retirees who return to work part-time can earn up to fifty percent of their final average compensation for the first two years after retirement and up to fifty-five percent thereafter, without accruing additional service time or requiring contributions. However, the new language introduces a separate provision for retirees who retired before January 1, 2024, allowing them to earn up to sixty percent of their final average compensation in the first two years and sixty-five percent thereafter, with contributions required during reemployment.

The new provisions for retirees who retired before January 1, 2024, will be effective from July 1, 2024, until June 30, 2028, and will not affect the existing rules for full-time reemployment. The bill also clarifies that the part-time reemployment rules for retirees will not apply to those who retired after January 1, 2024, during the specified time frame. The act will take effect upon the governor's signature or after the designated period if not signed.

Statutes affected:
SB415 Original: 11:2175(E)(1)
SB415 Engrossed: 11:2175(E)(1)
SB415 Enrolled: 11:2175(E)(1)
SB415 Act 349: 11:2175(E)(1)