Wednesday, December 17, 2014

CR-Omnibus Bill Does Not Apply to LASERS

The recent passage in Congress of H.R. 83, the Consolidated and Further Continuing Appropriations Act of 2015 (also known as the CR-Omnibus bill) has been in the news. Reports of this federal law often mention a provision which allows some pension systems to pay benefits at a level lower than originally intended. These provisions do not apply to LASERS or other public sector pension plans. Your LASERS retirement benefit is guaranteed by the Louisiana constitution and is unaffected by this law.

For more information about H.R. 83, visit the U.S. House of Representatives Committee on Appropriations website.

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