This bill amends several sections of the Louisiana Revised Statutes related to the Municipal Employees' Retirement System. Key changes include the clarification of definitions, such as the inclusion of elected officials as "employees" unless stated otherwise, and the definition of "participating employer" to include specific provisions. The bill also modifies the language regarding exemptions from execution, specifying that benefits are unassignable except as provided in the law, and it updates the conditions under which refunds of accumulated contributions are made to members after termination from a participating employer.

Additionally, the bill allows participating employers with employees covered under Social Security to opt for membership in Plan A, while ensuring that service and contributions from Plan B cannot be transferred to Plan A. It also revises the computation of retirement allowances for members of both Plan A and Plan B, particularly for those who have held elective office, ensuring they receive additional annuities based on their years of service. Overall, the bill aims to streamline and clarify the regulations governing the retirement system for municipal employees in Louisiana.

Statutes affected:
HB21 Original: 11:1735(A), 11:1759(D), 11:1782(1), 11:1788(A), 11:1802(1)
HB21 Engrossed: 11:1735(A), 11:1759(D), 11:1782(1), 11:1788(A), 11:1802(1)
HB21 Reengrossed: 11:1735(A), 11:1759(D), 11:1782(1), 11:1788(A), 11:1802(1)
HB21 Enrolled: 11:1735(A), 11:1759(D), 11:1782(1), 11:1788(A), 11:1802(1)
HB21 Act 278: 11:1735(A), 11:1759(D), 11:1782(1), 11:1788(A), 11:1802(1)