The House Retirement Committee is scheduled
to meet Thursday, April 25 upon adjournment. Four bills impacting
LASERS are on the agenda.
HB 35 (Barrow) provides for a 25 years at any
age retirement eligibility for certain state hospital employees who are
employed at a hospital operated as part of the LSU Health Sciences Center, if
their jobs are affected by a layoff plan approved by the State Civil Service
Commission or the director of the State Civil Service. The LASERS Board opposes
this bill.
HB 60 (Talbot) provides that members who
retire on or after July 1, 2013, and return to state service in a position
making them eligible for any state or statewide retirement system shall have
benefits suspended and shall not earn service credit or supplemental benefits.
The LASERS Board is neutral on this bill.
HB 61 (Badon) provides for a "divided
benefit" for members whose actual earnings in a calendar month are 30
percent or more above his average monthly earnings for the immediately
preceding 12 months. The LASERS Board opposes this bill.
HCR 2 (Harrison) suspends the provisions of
the Cash Balance Plan. The LASERS Board voted to support this bill if the tax
qualification condition is removed.
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