Senate Committee on Retirement
June 14, 2011
9: 00 am
Room C
Adjourned
* Agenda Revised June 13, 2011, 4:42 pm *
Revision Notes:
TIME AND PLACE CHANGE HB158, HB495 ADDED HB397, HB426, HB530 REMOVED
BLUE
= already considered.
RED
= currently being considered.
BLACK
= not yet considered.
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CALL TO ORDER
ROLL CALL
APPROVAL OF MINUTES JUNE 6, 2011
LEGISLATION TO BE CONSIDERED
HCR90
BADON
CONGRESS
- Memorializes congress to issue cost-of-living adjustments for Social Security recipients
HB158
ARNOLD
RETIREMENT/LOCAL
- Provides for the authority of the board of trustees of the Firefighters' Pension and Relief Fund in the city of New Orleans (NOFF) to promulgate rules and regulations relative to the applicable provisions of the Internal Revenue Code (EN NO IMPACT APV)
HB213
DOERGE
RETIREMENT/MUNICIPAL POL
- Requires the repayment of refunds prior to approval of disability retirement (EN DECREASE FC SG EX)
HB332
PEARSON
RETIREMENT/STATE-STWIDE
- Relative to the Municipal Employees' Retirement System (MERS), the Municipal Police Employees' Retirement System (MPERS), and the Firefighters' Retirement System (FRS), implements the recommendations of the Funding Review Panel by providing for board membership, benefit calculation, maintaining employer contribution rates at certain amounts, and employee contribution rates (EN DECREASE APV)
HB352
ST.GERMAIN
RETIREMENT/FIREFIGHTERS
- Changes the sunset date on a member's option to convert from regular retirement to disability retirement so as to retain the option for an additional five years (EN NO IMPACT APV)
HB393
M.GUILLORY
RETIREMENT SYSTEMS
- Relative to the La. School Employees' Retirement System (LSERS), the State Police Pension and Retirement System (LSPRS), and the Parochial Employees' Retirement System (PERS), provides for compliance with applicable federal tax qualification requirements (EN NO IMPACT APV)
HB495
PEARSON
RETIREMENT/FUNDING
- Relative to funding of state retirement systems, provides for changes in the remitting of payments on the Unfunded Accrued Liability (UAL) (EN -$25,678,000 FC GF & LF EX)
CONSIDERATION OF ANY OTHER MATTERS THAT MAY COME BEFORE THE COMMITTEE
ADJOURNMENT