§ 11:1753 — Membership of employees after consolidation; Terrebonne Parish; Lafayette Parish

Louisiana § 11:1753

• Jurisdiction: Louisiana
• Title 11: Consolidated Public Retirement Systems

Text

§1753. Membership of employees after consolidation; Terrebonne Parish; Lafayette Parish
A. Notwithstanding any other provision of the law to the contrary, if the governing
authorities of a parish and a municipality are consolidated into one governing authority and
if the employees of the municipality are, at the time of the consolidation, members of the
Municipal Employees' Retirement System of Louisiana, then, subsequent to the
consolidation, those persons who were members of the Municipal Employees' Retirement
System of Louisiana shall remain members thereof for so long as they remain continuously
employed by the consolidated government, and the consolidated government shall be deemed
to be the "employer" of said persons regarding participation in the Municipal Employees'
Retirement System of Louisiana with all of the responsibilities incumbent therewith. All
persons who become employed by the consolidated government subsequent to the
consolidation shall, as a condition of employment, become members of the Parochial
Employees' Retirement System of Louisiana if they otherwise satisfy the membership
eligibility requirements therefor.
B. Notwithstanding the provisions of Subsection A of this Section, any employee of
the Terrebonne Parish Consolidated Government who is a member of the Municipal
Employees' Retirement System of Louisiana shall be transferred into the Parochial
Employees' Retirement System of Louisiana in accordance with the following provisions:
(1) The transfer shall be mandatory and on behalf of each employee shall be
transferred all employee and employer contributions, plus a sum representing interest on
these contributions, at the board-approved actuarial valuation rate of the transferring system,
compounded annually on all contributions for each year of contribution to the date of the
transfer.
(2) In the event that the amount of funds transferred for each individual is less than
the greater of the actuarial cost of service being transferred or the amount that would have
been contributed by the person and his employer, including interest earned thereon at the
board-approved actuarial valuation rate of the receiving system, had all of the person's credit
originally been credited under the law governing the receiving system, the Terrebonne Parish
Consolidated Government shall pay the deficit or difference, including the interest thereon
at the board-approved actuarial valuation rate of the receiving system.
(3) The retirement percentage factor of the transferring system shall be used to
calculate each transferred employee's retirement benefits based on his total account,
including the number of years transferred under this Subsection.
(4) The Parochial Employees' Retirement System shall be reimbursed by the
Terrebonne Parish government for any administrative costs associated directly with
implementation of this Subsection.
C.(1) Notwithstanding any other provision of law to the contrary, including
Subsection A of this Section, any employee first employed on or after November 1, 2010,
and prior to November 1, 2020, by any department created by the Home Rule Charter for the
Lafayette City-Parish Consolidated Government, other than employees first employed by the
police and fire departments who are enrolled in the Municipal Police Employees' Retirement
System or the Firefighters' Retirement System, and any employee first employed on or after
November 1, 2010, by the City Court of Lafayette, inclusive of the office of marshal, but
exclusive of the judges of the city court, shall, as a condition of employment, become
members of the Municipal Employees' Retirement System of Louisiana if they otherwise
satisfy the membership eligibility requirements therefor.
(2) Notwithstanding any other provision of law to the contrary, any employee first
employed on or after November 1, 2020, by any department created by the Home Rule
Charter for the Lafayette City-Parish Consolidated Government, other than employees first
employed by the police and fire departments who are enrolled in the Municipal Police
Employees' Retirement System or the Firefighters' Retirement System, and any employee
first employed on or after November 1, 2020, by the City Court of Lafayette, inclusive of the
office of marshal but exclusive of the judges of the city court, shall, as a condition of
employment, become a member of the Parochial Employees' Retirement System of Louisiana
if he otherwise satisfies the membership eligibility requirements therefor.

Legislative History

Acts 1984, No. 35, §1; Redesignated from R.S. 33:7192.1 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 1993, No. 750, §1; Acts 1995, No. 591, §1; Acts 2010, No. 306, §1, eff. Nov. 1, 2010; Acts 2020, No. 298, §1.