Labor & Employment

This bill clarifies rules for municipal retirees who return to part-time work. It ensures retirees with over 30 years of service and age 60+ will keep full retirement benefits without reduction if rehired part-time (until June 2028), regardless of earnings. For other retirees (30 years or less service), benefits are reduced if their part-time earnings exceed the difference between their final salary and retirement benefit. The changes apply specifically to those returning to employment covered by Louisiana's Municipal Employees' Retirement System.

SB 8 adds the Louisiana Asset Management Pool as an eligible employer in Louisiana's Municipal Employees' Retirement System. This means the Pool can now participate in the retirement system, allowing its employees to access the same retirement benefits as other municipal employees. The bill achieves this by amending the definition of "employer" in the retirement system statute to explicitly include the Pool. The change directly affects the Pool's employees and the retirement system's administrative structure.

HB 21 clarifies Louisiana's Municipal Employees' Retirement System rules for local government workers and employers. It updates definitions to treat elected officials as employees unless declared otherwise, adjusts refund timing for accumulated contributions (requiring 30 days of termination), and allows municipalities to switch between retirement plans without transferring past service credits. The bill also modifies retirement benefit calculations, adding 0.5% per year of elected service for certain members. These changes directly affect municipal employees, their employers, and the retirement system's administration.