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Bill to change retirement system for LCG up for final approval Sunday

LCG
Posted at 9:07 PM, May 30, 2020
and last updated 2020-05-30 22:08:29-04

On Sunday, state lawmakers will meet for a rare Sunday session.

Lafayette city leaders will be paying close attention, because a bill that would change the retirement system for new Lafayette Consolidated Government employees is up for final adoption.

Mayor-President Josh Guillory says the change would save LCG up to $4 million dollars per year on retirement costs, reports our partners at The Advocate.

The change would move LCG employees to the Parochial Employees Retirement System (PERS) rather than the Municipal Employees Retirement System. The change was approved by LCG in early March.

You can read the full bill here.

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