Senate Bill No. by Senator Carter amends the District Attorneys' Retirement System to modify the benefits for reemployed retirees. The bill expands the definition of "Employer" to include the Louisiana District Attorneys' Association and clarifies that if a retiree is reemployed by any district attorney or employer, their retirement benefits will not be suspended. Additionally, it allows reemployed retirees to establish service credit for any period of full-time employment as an employee, rather than being limited to district attorneys or assistant district attorneys.
The bill also introduces new reporting requirements for employers, mandating annual reports to the retirement system that include details such as the retiree's name, retirement date, reemployment date, and annual earnings from local and state funds. Furthermore, it provides an option for reemployed retirees to combine their initial retirement benefit with a subsequent benefit into a single retirement benefit, contingent upon repaying all previously received benefits with interest and adhering to specific election deadlines.
Statutes affected: SB494 Original: 11:1581(11), 11:1631(F)(1), 11:1631(F)(2)