Friday, May 10, 2013

Senate Retirement Committee to Meet Monday, May 13

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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