Constitutional Amendment Will Pressure Lawmakers to Reform Pensions

By Kevin Mooney
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

House Poised to Attack Pension Liabilities with Alternative to Jindal Plan

By Kevin Mooney
As an alternative to the pension reform legislation favored by Gov. Bobby Jindal, the House Committee on Retirement has voted to move a bill to the floor the includes an across the board increase in state employee pension contributions that would be used to pay down unfunded accumulated liabilities.

TAGS: Gov. Bobby Jindal, House Committee on Retirement, Rep. Kevin Pearson, Rep. Kirk Talbot, unfunded accumulated liabilities

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