Loading chat...
LA SR176
Resolution
AI Summary
-
Louisiana Senate recognizes a growing retirement security crisis affecting American workers, including state employees, with 80% of households with adults aged 60+ financially struggling or at risk of economic insecurity according to 2020 NCOA research
-
Contributing factors identified include increasing life expectancy, rising healthcare costs, and declining availability of traditional pension plans
-
References the National Council of Insurance Legislators' 2025 unanimous resolution encouraging in-plan lifetime income options in defined contribution and deferred compensation retirement plans
-
Urges federal and state leaders to pursue policy solutions ensuring secure and dignified retirement for all citizens
-
Encourages increased public awareness and financial education initiatives by retirement systems and employers to help workers plan effectively for retirement
Legislative Description
Recognizes the growing retirement security crisis, highlights its contributing factors, and urges efforts to improve retirement security for all citizens.
RETIREMENT SYSTEMS
Last Action
Enrolled. Signed by the President of the Senate and sent to the Secretary of State by the Secretary of the Senate.
6/10/2025