RS 11:309 Duties - Louisiana Statutes

§309.  Duties

A.  The commission shall review the administration, benefits, investments, funding, efficiency, and accountability of the public retirement systems.  Its review shall include recommendations of the state retirement systems, the statewide retirement systems, and the Public Retirement Systems' Actuarial Committee, comparisons of the state and statewide systems to other public retirement plans, comparisons of differing benefit provisions within a single system including but not limited to the differences among benefits for employees of the Department of Public Safety and Corrections, the efficacy and prudence of bond issuance for any of these systems, and the need for legislation relating to retirement.

B.  It shall make recommendations to the House and Senate committees on retirement annually upon completion of its study, with respect to the following:

(1)  Administration of public retirement systems.

(2)  Benefits under public retirement systems.

(3)  Investments and funding of public retirement systems.

(4)  Efficiency of public retirement systems.

(5)  Accountability of public retirement systems.

C.  The commission shall hold a public meeting in the week before the convening of the regular session of the legislature to review and prioritize all bills prefiled for that session affecting state or statewide retirement systems.

Acts 1985, No. 696, §1; Acts 1988, No. 414, §1, eff. Aug.  31, 1988; Redesignated from R.S. 42:720.9 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2003, No. 967, §1, eff. July 1, 2003.

NOTE:  See Acts 2004, No. 7, §6, providing that the Act shall not affect or change any law relative to retirement or retirement or survivor benefits of employees of the Dept. of Public Safety and Corrections.