This bill amends R.S. 11:416(A)(3)(b) of the Louisiana State Employees' Retirement System to establish new eligibility criteria for retirees who wish to return to work without affecting their retirement benefits. Specifically, it allows retirees who have at least twenty-five years of service, have been retired for at least one year, are eligible to receive full retirement benefits, and have been appointed by the governor to fill an unclassified civil service position to be exempt from any increase, suspension, or reduction of their benefits due to reemployment.

The bill modifies the previous requirements by reducing the minimum years of service from thirty to twenty-five and clarifying the conditions under which retirees can return to work without penalty. This change aims to encourage experienced retirees to re-enter the workforce in specific roles while protecting their retirement benefits. The implementation of this act will be funded through additional employer contributions as stipulated by 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)