Monday, April 23, 2007

More Pre-filed Legislation Impacting LASERS

HB 459 - by Representative Jeffery Arnold appropriates funds for payments against the Unfunded Accrued Liability of certain public retirement systems.

HB 671– by Representative Joe Salter Provides relative to retirement benefits for certain employees of the Dept. of Public Safety.

HB 788– by Representative Jean Doerge allows certain participants in the Deferred Retirement Option Plan to rescind participation in the plan and regain membership in LASERS.

HB 808 - by Representative Nicholas Lorusso provides relative to investments by public retirement systems in companies or entities having facilities or employees or both in a prohibited nation.

HB 845– by Representative Sydnie Mae Durand provides for a higher benefit accrual rate for certain adult probation and parole officers and for actuarial funding fur such retirement benefits.

HB 857 - by Representative Pete Schneider initiates supplemental appropriation to provide for payments against the initial Unfunded Accrued Liability of the public retirement system.

HB 864 - by Representative Pete Schneider provides relative to investments by public retirement systems in companies or entities having facilities or employees, or both, in a prohibited nation.

HCR 7 - Grants approval of a cost-of-living increase requested by the board of trustees of the Louisiana State Employees' Retirement System (LASERS).