Tuesday, June 5, 2007

Louisiana House Retirement Meeting

The Louisiana House Committee on Retirement is scheduled to meet on Wednesday, June 6, 2007, at 9:30 a.m. in House Committee Room 4

Items on the agenda include:

SB 116-Theunissen-Authorizes the LASERS and Teachers' boards of trustees to grant a supplemental cost-of-living increase of 0.5 percent beginning July 1, 2007, from their respective experience accounts for a maximum of 3.0 percent which would otherwise be limited to 2.5 percent.

SB 127-Boasso- Constitutional amendment to require increases in benefits for state retirement systems to also provide a funding source.

HB 788-Doerge- Allows certain participants in the Deferred Retirement Option Plan to rescind participation in the plan and regain membership in LASERS.