SB 6 - Teacher Retirement - Louisiana Key Vote
Erich Ponti Did Not Vote on this Legislation.
Timeline
- Executive Vetoed
- July 1, 2011
- House Bill Passed
- June 14, 2011
- Senate Bill Passed
- June 1, 2011
- Senate Bill Failed
- May 25, 2011
- Introduced
- April 25, 2011
Related Issues
Stage Details
Title: Teacher Retirement
Title: Teacher Retirement
Vote Smart's Synopsis:
Vote to pass a bill that requires employers who have terminated their participation in the Teachers' Retirement System of Louisiana to remit to the system any unfunded accrued liabilities.
Title: Teacher Retirement
Vote Smart's Synopsis:
Vote to pass a bill that requires employers who have terminated their participation in the Teachers' Retirement System of Louisiana to remit to the system any unfunded accrued liabilities.
Highlights:
- Requires any employment agency that is authorized by law to terminate its participation in the Teachers' Retirement System of Louisiana and terminates its participation for all employees to pay the retirement system its proportionate share of unfunded accrued liabilities (Sec. 1).
- Defines "proportionate share of unfunded accrued liability" as any benefits accrued by or granted to employees during the time that the employer participated in the Teachers' Retirement System of Louisiana (Sec. 1).
- Specifies that this act applies to all employing agencies that participated in the Teachers' Retirement System of Louisiana for any plan year ending on or after June 30, 2011 (Sec. 2).
Title: Teacher Retirement