Louisiana HB950 creates a program to protect elderly consumers by providing educational materials on financial management and fraud prevention.
Louisiana HB950 establishes a pension protection and retirement income financial guidance program. The office of elderly affairs will create educational materials on pension and retirement account protection, income optimization, financial products marketed to seniors, and warning signs of scams. These materials will be distributed on a dedicated, mobile-friendly website and through other means to reach seniors. The goal is to safeguard the financial security and independence of elderly citizens by empowering them with practical guidance and information.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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