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LA SB1
Bill
AI Summary
- Reduces the minimum service credit required for State Police Retirement System members to purchase out-of-state law enforcement service credit from ten years to six months
- Removes the June 30, 2008 membership deadline, allowing all current and future members to purchase such credit
- Eligible service includes employment with federal law enforcement agencies, other states, or political subdivisions of other states where that service is not creditable in any other public retirement system
- Members must pay all actuarial costs of the purchase, either as a lump sum or through installment payments over a maximum of 36 months
- Cost of the Act funded primarily through employee payments, with any additional costs covered by employer contributions per constitutional requirements
Legislative Description
Allows for credit for out-of-state full-time law enforcement service. (gov sig) (EN SEE ACTUARIAL NOTE APV)
STATE POLICE RETIREMENT
Last Action
Effective date 6/4/2025.
6/4/2025
Committee Referrals
Retirement4/29/2025
Retirement2/18/2025
Full Bill Text
No bill text available