The bill amends R.S. 11:1762(A) to clarify the conditions under which retirees can return to part-time employment without affecting their retirement benefits. Specifically, it states that if a retiree receiving normal retirement benefits is reemployed but does not meet the definition of an employee, their retirement benefits will continue without reduction, provided their monthly earnings do not exceed a certain threshold. The previous stipulation that retirees with more than thirty years of creditable service and at least age sixty would not have their benefits reduced has been removed. Additionally, the bill specifies that retirees whose earnings exceed the threshold will have their benefits reduced accordingly, but income from part-time elected official roles will not be included in the earnings calculation.

Furthermore, the bill repeals Section 2 of Act 634 from the 2024 Regular Session, which likely contained provisions that are now being modified or rendered unnecessary by this new legislation. It also allows retirees who were part-time reemployed under the previous act to continue their employment without a reduction in benefits until July 1, 2026, as long as their service remains continuous. This change aims to provide clarity and support for retirees seeking part-time work while maintaining their retirement benefits.

Statutes affected:
SB18 Original: 11:1762(A)
SB18 Engrossed: 11:1762(A)
SB18 Enrolled: 11:1762(A)
SB18 Act : 11:1762(A)