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 be reemployed without facing reductions in their retirement benefits. The bill specifies that retirees must meet certain requirements to qualify for an exemption from any increase, suspension, or reduction of benefits due to reemployment. These requirements include having at least twenty-five years of credited service, being retired for at least one year, being eligible to receive full retirement benefits, and being appointed by the governor to fill an unclassified civil service position.

The changes made by this bill replace the previous requirement of thirty years of service with twenty-five years and clarify the conditions under which retirees can maintain their benefits while reemployed. The bill aims to provide more flexibility for retirees who wish to return to work in specific roles without jeopardizing their retirement income. Additionally, it states that any 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)