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.
In what is becoming an annual ritual, Gov. Bobby Jindal has again issued a partial hiring freeze on executive branch agencies in state government.
The hiring freeze covers the 2012-13 fiscal year that began July 1.
For most agencies, Commissioner of Administration Paul Rainwater will set a number of vacant positions that the offices can't fill. If they want to add new workers who will shrink the number of vacancies below that benchmark, the agencies will need Rainwater's permission.
BATON ROUGE — Lawmakers have agreed to create a new pension plan for future rank-and-file state workers. Their decision gives Gov. Bobby Jindal his first significant win in his bid to revamp state retirement.
BATON ROUGE, La. (AP) — Gov. Bobby Jindal's proposal to create a new retirement plan for future rank-and-file state workers has failed to get final legislative passage. The proposal would create a cheaper investment account similar to a 401(k) plan for state employees hired after July 1, 2013.
BATON ROUGE, La. (AP) — Gov. Bobby Jindal's proposal to hike the amount rank-and-file state workers pay for retirement has advanced to the full House for debate, despite criticism a tie to pay raises could cost the state more than it benefits. It's unclear when the 2 percentage point increase in pension contributions would be levied on employees.
BATON ROUGE, La. (AP) — Gov. Bobby Jindal's proposal to boost the amount rank-and-file state workers pay for their retirement has been approved by the Louisiana Senate. The measure was approved yesterday, but only after several provisions were added that make it unlikely the full 2 percentage point increase would take effect.
BATON ROUGE, La. (AP) — The Louisiana Senate has again delayed debate on Gov. Bobby Jindal's bill to charge rank-and-file state workers more and make them wait longer for their pension benefits, amid questions about whether they have enough votes to pass.