Louisiana HB21 amends the Municipal Employees' Retirement System (MERS) to modify participation rules and definitions.
Louisiana HB21 amends the Municipal Employees' Retirement System (MERS) by expanding the definition of "employer" to include those hiring individuals who opt to remain in MERS instead of the Louisiana State Employees' Retirement System (LASERS). It also presumes elected officials not subject to part-time official provisions to be employees unless otherwise declared by the governing authority. The bill retains the current law regarding retirement benefits for part-time retirees and the additional annuity for elected officials.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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