The Senate Retirement Committee is scheduled
to meet Monday, May 13 at 1:00 p.m. Two bills impacting LASERS are on the
agenda.
HCR 2 (Harrison) suspends the provisions of the
Cash Balance Plan.
SB 17 (E. Guillory) creates the State
Retirement Fund and allocates two percent of revenue collections in excess of
Fiscal Year 2011-2012 levels to the Fund for payment of the UAL and COLAs. When
this bill was originally considered, Senator Guillory deferred it for two weeks
to allow time for further discussion on other mechanisms of funding.
The LASERS Board of Trustees supports both HCR 2 and SB 17.
Please note that meeting schedules and agendas
are subject to change. Check the LASERS website daily for
updates and for detailed information about the proposed legislation which would
impact LASERS.
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