Constitutional Amendment Will Pressure Lawmakers to Reform Pensions

By Kevin Mooney
07/12/2011
Under a proposed constitutional amendment, at least 5 percent of surplus funds must be used to pay down unfunded accrued liabilities that existed as of June 30, 1988 for the Louisiana State Employees' Retirement Systems (LASERS) and the Teachers Retirement System of Louisiana (TRSL).

TAGS: constitutional amendment, Gov. Bobby Jindal, Louisiana State Employees' Retirement System, Rep. Jerome "Dee" Richard, Rep. Kevin Pearson, unfunded accrued liabilities

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