This bill amends R.S. 13:5554(S) to establish new provisions regarding insurance premium payments for retirees of the Franklin Parish Sheriff's Office. It stipulates that 100% of the premium costs for group hospital, surgical, medical expense insurance, and life insurance will be covered for any sheriff or deputy sheriff who retired before December 31, 2012, and meets specific eligibility criteria. These criteria include having attained the age of 55 with at least 24 years of service or having completed 30 years of full-time service, regardless of age.
For those retiring on or after December 31, 2012, the bill outlines a tiered system for premium payments based on years of service and age. Specifically, it provides 100% coverage for those with 30 years of service, 75% for those aged 55 with at least 27 years of service, and 50% for those aged 55 with at least 23 years of service. Additionally, the bill introduces provisions for sheriffs or deputy sheriffs who retire on or after January 1, 2025, allowing for similar premium coverage based on their service time with the Franklin Parish Sheriff's Office. The bill also clarifies that a sheriff or deputy sheriff's creditable days of service will be determined by the Louisiana Sheriff's Pension and Relief Fund.
Statutes affected: HB361 Original: 13:5554(S)
HB361 Engrossed: 13:5554(S)
HB361 Reengrossed: 13:5554(S)
HB361 Enrolled: 13:5554(S)
HB361 Act 81: 13:5554(S)