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.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.