Bill > HB33

This bill modifies the Sheriffs' Pension and Relief Fund's Back-Deferred Retirement Option Plan, commonly known as Back-DROP, which allows members to defer receiving retirement benefits for a period to accrue additional service credit. Specifically, it changes the maximum participation period in the Back-DROP plan based on a member's years of service: members with at least 30 but less than 35 years of service can now choose a Back-DROP period of up to 48 months, and those with 35 or more years of service can select a period of up to 60 months, with both options still limited by the number of months of creditable service accrued after becoming eligible for regular retirement. The bill also clarifies that the Back-DROP period should generally be the most recent calendar period corresponding to the member's accrued creditable service.

Labor and Employment

https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=HB33&sbi=y