HB104

Louisiana HB104 allows public postsecondary education management boards to create voluntary phased retirement programs for faculty and staff.

HB104 authorizes each public postsecondary education management board to develop and implement a voluntary phased retirement program for faculty and staff. The program must be voluntary, with participation periods of 12-36 months. Eligible employees must be at least 59.5 years old and have at least ten years of service. A memorandum of understanding must be executed between the employee and the institution or system, specifying workload, schedule, and program expectations.