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Cash Balance Plan Ruled Unconstitutional by the Louisiana Supreme Court on Friday, June 28, 2013

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Cash Balance Plan Ruled Unconstitutional by the Louisiana Supreme Court on Friday, June 28, 2013

Cash Balance Plan Ruled Unconstitutional by the Louisiana Supreme Court on Friday, June 28, 2013

Act 483 of 2012 was passed without the required two-thirds vote of the legislature. The ruling upheld the decision made in January by the 19th Judicial District Court from the lawsuit brought by the Retired State Employees Association.  The Cash Balance Plan will no longer take effect.  For a complete copy of the Supreme Court Ruling, click here