Monday, April 21, 2008

2008 Legislative Update

The Senate Committee on Retirement approved legislation {SB 27 by Senator Butch Gautreaux} which allows garnishment of La. public retirement or pension system, plan, or fund benefits of an elected official to pay fines or restitution imposed for a felony associated with his office. LASERS Board of Trustees took a neutral position on the bill.

Also on Friday April 18, the Joint Legislative Committee on the Budget reviewed and approved the LASERS operating budget.

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