The Senate Committee on Retirement approved HCR 2, Rep. Robideaux, which grants approval of a 3 percent cost-of-living increase requested by the LASERS Board of Trustees. The resolution was previously approved by the House of Representatives. The next step is approval by the Senate.
In other action, the committee also approved SB 45, Sen. Gautreaux, which provides for benefits for certain adult probation and parole officers. This bill is similar to the final version of HB 845 which was vetoed in 2007. The LASERS Board of Trustees opposed this legislation.
HB 230, by Rep. Robideaux, was passed by the House of Representatives by a vote of 98-0. The measure, sponsored by LASERS, allows an automatic change to the maximum benefit of a retiree based on the date of death of a beneficiary, rather than the date of notification of death.
The House of Representatives also passed HB 233 by Rep. Doerge, another LASERS sponsored measure. This bill increases the accrual rate for Act 75 disability retirees from 1.8 percent to 2.5 percent.