HB 34 — RETIREMENT/SHERIFFS FUND: Provides relative to retirement eligibility in the Sheriffs' Pension and Relief Fund (EN NO IMPACT APV)

HLSENROLLED 26RS-310 ENGROSSED Regular Session HOUSE BILL NO.

34 BY REPRESENTATIVES WILEY, BRASS, AND TAYLOR RETIREMENT/SHERIFFSAN FUND:ACT ToenactR.S.11:2178(C)(3)(c),relativetotheSheriffs'PensionandReliefFund;toprovide relative to eligibility for an actuarially reduced retirement benefit;

Provides relative to retirement eligibility in the Sheriffs' Pension and Relief Fund AN ACT ToenactR.S.11:2178(C)(3)(c),relativetotheSheriffs'PensionandReliefFund;toprovide relative to eligibility for an actuarially reduced retirement benefit;

* * * (3) * * * (c) In the event a member whose first employment making him eligible for membership in the system began on or after January1, 2012, is eligible for deferred retirement and is over fifty years of age with at least thirty years of creditable service, the member may elect to take, in lieu of deferred retirement, the actuarial equivalentequivalentofthebenefit ofdue thebenefitduehadthememberattainedagefifty-five.had the member attainedagefifty-five.

TheTheretirement retirementshallbecomeeffectiveuponreceiptofthemember'swrittenapplicationbytheboard Page 1 of 3trustees. CODING:

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HLS 26RS-310 ENGROSSED HB NO.

34 shallbecomeeffectiveuponreceiptofthemember'swrittenapplicationbytheboardENROLLED ofSection trustees.2.

*This *Act *shall become effective upon signature bythe governor or, if not signedbythegovernor,uponexpirationofthetimeforbillstobecomelawwithoutsignature by the governor, as provided by Article III, Section 2.18 of the Constitution of Louisiana.

ThisIf Actvetoed shallbythe becomegovernorand effectiveuponsubsequentlyapproved signature bythe governorlegislature, or,this ifAct notshall signedbythegovernor,uponexpirationofthetimeforbillstobecomelawwithoutsignaturebecome byeffective theon governor, as provided by Article III, Section 18 of the Constitutiondayfollowing ofsuch Louisiana.approval.

IfSPEAKER vetoedOF bytheTHE governorandHOUSE subsequentlyapprovedbytheOF legislature,REPRESENTATIVES thisPRESIDENT ActOF shallTHE becomeSENATE effectiveGOVERNOR onOF theTHE dayfollowingSTATE suchOF approval.LOUISIANA APPROVED:

DIGESTPage ThedigestprintedbelowwaspreparedbyHouseLegislative2 Services.of 2 CODING:

Itconstitutes nopart of the legislative instrument.

The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent.

[R.S.

1:13(B) and 24:177(E)] HB 34 Engrossed 2026 Regular Session Wiley Abstract:

Provides relative to eligibility for an actuariallyreduced retirement benefit.

Present law provides for eligibility for retirement in the Sheriffs' Pension and Relief Fund (SPRF) for anyone whose membership begins on or after January 1, 2012.

Provides that a member is eligible to retire if the member:

(1) Has 12 or more years of creditable service and has attained the age of 62.

(2) Has 20 or more year of creditable service and has attained the age of 60.

(3) Has 30 or more years of creditable service and has attained the age of 55.

Present lawprovidesthatanySPRF memberwhohas 12 or more years of creditableservice and who separates from service before attaining the minimum age required for regular retirement eligibility shall be entitled to a deferred retirement beginning when the member attains regular retirement age.

Presentlawspecifiesthatthemembershallbepaidthesameamounthewouldhavereceived had he retired while in service.

PresentlawprovidesthatanSPRFmemberwhosefirstemploymentmakinghimeligiblefor membership in the system began on or after Jan.

1, 2012, who is eligible for deferred retirement and is over 50 years of age with at least 20 years of creditable service mayelect to take, in lieu of deferred retirement, the actuarial equivalent of the benefit due had the member attained age 60.

Proposed law retains present law.

Proposed law provides that an SPRF member whose first employment making him eligible for membership in the system began on or after Jan.

1, 2012, who is eligible for deferred retirement and is over 50 years of age with at least 30 years of creditable service, may elect to take, in lieu of deferred retirement, the actuarial equivalent of the benefit due had the member attained age 55.

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Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscored are additions.

HLS 26RS-310 ENGROSSED HB NO.

34 Effective upon signature of governor or lapse of time for gubernatorial action.

(Adds R.S.

11:2178(C)(3)(c)) Page 3 of 3 CODING: