The bill amends R.S. 11:1305(D)(2) of the Louisiana law concerning the State Police Retirement System, specifically addressing the credit for out-of-state full-time law enforcement service. It allows individuals with at least six months of service credit in the system, who have previously worked for law enforcement agencies outside of Louisiana, to purchase service credit for that employment. This is contingent upon the individual paying all actuarial costs associated with the purchase, as determined by the retirement system actuary. The bill also outlines the application process for members seeking to purchase this credit, including the requirement to provide information about their previous employment and certification from the relevant retirement systems.

Additionally, the bill specifies that the costs associated with this new provision will be funded through employee payments, with any additional costs covered by increased employer contributions, in accordance with the Louisiana Constitution. The effective date of the bill is contingent upon the governor's signature or the expiration of the time for bills to become law without signature.

Statutes affected:
SB1 Original: 11:1305(D)(2)
SB1 Engrossed: 11:1305(D)(2)
SB1 Enrolled: 11:1305(D)(2)
SB1 Act : 11:1305(D)(2)