RETIREMENT/STATE EMPS: Provides relative to retirement eligibility in the Louisiana State Employees' Retirement System (OR +$34,000,000 APV)

HB 43 amends Louisiana's state employee retirement rules to set different eligibility requirements based on when employees were hired. It affects state workers hired on or after July 1, 2006, with three main paths: 35 years of service at any age, 5 years at age 60 or 62 (depending on hire date), or 20 years of service with a reduced benefit. Employees choosing the 20-year option get a benefit calculated as if they had waited until the standard retirement age, resulting in a lower payout. Additionally, those using the 20-year path cannot join other retirement plans like the Deferred Retirement Option.