The 2012 Legislative Session ended on June 4th. The bill to abolish LSERS was never brought to a vote on the House floor, so LSERS will continue striving for excellence in customer service to the membership. There were no changes affecting current members’ benefits or eligibilities for retirement. However, new members hired on or after July 1, 2013 may elect participation in a cash balance plan. Also, a forfeiture bill was passed affecting members who are convicted of a public corruption crime on or after January 1, 2013. Click here for more details on these new laws and others passed during the 2012 legislation.
