The Senate Committee on Retirement approved legislation {HB 864, Rep. Schneider} which permits a public retirement system to divest itself of holdings in a company having facilities or employees, or both in a prohibited nation.
In other action, the committee deferred action {HB 456, Rep Arnold} which would have continued the requirement that state retirement systems, including LASERS, direct 10 percent of commissions on certain domestic equity trades, and 10 percent of commissions on certain fixed-income trades through certain Louisiana broker-dealers and extend the sunset to 2010.
Showing posts with label HB 456. Show all posts
Showing posts with label HB 456. Show all posts
Monday, June 18, 2007
Friday, June 8, 2007
Louisiana Senate Retirement Committee Meeting
The Louisiana Senate Committee on Retirement is scheduled to meet on Monday June 11, 2007, at 1:30 p.m. in Senate Committee Room A-B
Items on the agenda include:
HCR7 Schneider – Retirement/COLA - Grants approval of a cost-of-living increase requested by the board of trustees of the Louisiana State Employees' Retirement System
HB456 Arnold – Retirement/State Systems - Continues requirement that state retirement systems direct ten percent of commissions on certain domestic equity trades and ten percent of certain domestic fixed income investments through certain Louisiana broker-dealers and extends the sunset of this provision to 2010
Items on the agenda include:
HCR7 Schneider – Retirement/COLA - Grants approval of a cost-of-living increase requested by the board of trustees of the Louisiana State Employees' Retirement System
HB456 Arnold – Retirement/State Systems - Continues requirement that state retirement systems direct ten percent of commissions on certain domestic equity trades and ten percent of certain domestic fixed income investments through certain Louisiana broker-dealers and extends the sunset of this provision to 2010
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