Wed May 7, 2014
Bill To Boost Teacher Retirement Age Nearing Final Passage
Public school teachers and most new state employees would have to wait longer to retire, under a proposal that received the unanimous backing of the state Senate Wednesday.
Current law generally allows that non-hazardous employees in the Louisiana State Employees' Retirement System, the Teachers' Retirement System of Louisiana and the Louisiana School Employees' Retirement System can retire at age 60 with 5 years of service.
The bill, by Republican Representative Kevin Pearson of Slidell, would require non-hazardous employees hired on or after July 1, 2015, to wait until they are 62 years old before they are eligible for retirement.
Pearson's proposal returns to the House for approval of Senate changes.