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Story Archives: True retirement reform
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True retirement reform
 Sen. Dan Claitor of Baton Rouge certainly knows how to put his colleagues between a rock and hard place.
That's the polite description of the predicament members of the Senate find themselves in today with debate pending on Senate Bill 727, which would bar former members of the Legislature from participating in the Louisiana State Employees' Retirement System (LASERS). Claitor authored SB 727. A number of senators signed on as co-authors, but for all practical purposes, it's Claitor's bill.
Needless to say, some folks are unhappy with him because of it.
Claitor's SB 727 specifically says, "Any person (former lawmaker) to whom this Act applies who is an active contributing member of the Louisiana State Employees' Retirement System on June 30, 2012, may retain service credit accrued in the system; however, such person shall on and after July 1, 2012, be ineligible to be a member of the system. Employer and employee contributions on the salary of all such persons shall cease, and no further service credit shall accrue after June 30, 2012."For the full story, subscribe to the The Concordia Sentinel's NEW E-Edition! |
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