Covering Louisiana

May 7, 2014 7:27 AM by Associated Press

Retirement Bill to boost retirement age nearing final passage

Public school teachers and most new state employees would have to wait longer to retire, under a proposal that has received the unanimous backing of the Senate.

Current law generally allows that non-hazardous employees in the Louisiana State Employees' Retirement System, the Teachers' Retirement System of Louisiana and the Louisiana School Employees' Retirement System can retire at age 60 with 5 years of service.

The bill by Republican Rep. Kevin Pearson, of Slidell, would require non-hazardous employees hired on or after July 1, 2015, to wait until they are 62 years old before they are eligible for retirement.

Pearson's proposal returns to the House for approval of Senate changes.

 

 

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