House Bill No. by Representative Boyer amends R.S. 11:416(A)(3)(b) concerning the Louisiana State Employees' Retirement System, specifically addressing the reemployment of retirees. The bill establishes new eligibility criteria for retirees who wish to return to work without facing penalties to their retirement benefits. To qualify for this exemption, retirees must have at least twenty-five years of credited service, have been retired for at least one year, be eligible to receive full retirement benefits, and be appointed by the governor to fill an unclassified civil service position.

The bill also clarifies that retirees meeting these criteria will be exempt from any increase, suspension, or reduction of benefits as a result of their reemployment. This legislative change aims to provide more flexibility for retirees while ensuring that the integrity of the retirement system is maintained. The costs associated with this act will be funded through additional employer contributions, in accordance with the Louisiana Constitution.

Statutes affected:
HB10 Original: 11:416(A)(3)
HB10 Engrossed: 11:416(A)(3)
HB10 Enrolled: 11:416(A)(3)
HB10 Act : 11:416(A)(3)