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LA HR143
Resolution
Status
5/27/2025
Primary Sponsor
Tony Bacala
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AI Summary
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Establishes a task force to study phased retirement programs that would allow full-time faculty at Louisiana public postsecondary institutions to gradually reduce their workload while transitioning to full retirement
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Task force must examine implementation costs, eligibility requirements, salary and benefits during phased retirement, the impact of increasing employer contribution rates from 6.2% to 8%, and shifting TRSL administrative fees from ORP members to employers
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Membership includes HR representatives, CFOs, faculty representatives, and academic affairs representatives from each public postsecondary system, plus appointees from the Board of Regents, TRSL board of trustees, and the Office of Group Benefits CEO
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Appointee names due by July 1, 2025; first meeting must occur by August 1, 2025; final report with findings and legislative recommendations due to House Committee on Retirement by December 31, 2025
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Task force members serve without compensation; Board of Regents provides staff support and the legislative auditor provides actuarial services as requested
Legislative Description
Creates a task force to study the feasibility of a phased retirement program for public postsecondary education systems
RETIREMENT/TEACHERS
Last Action
Taken by the Clerk of the House and presented to the Secretary of State in accordance with the Rules of the House.
5/28/2025