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Qtec
04-06-2012, 03:42 AM
<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>Jindal, other elected officials excluded in pension plan</span>

Gov. Bobby Jindal wants state employees to contribute more toward their future pension benefits.

But legislation Jindal is proposing exempts the governor and other elected officials who are members of the Louisiana State Employee Retirement System, called LASERS, from the 3 percent increase in the contribution rate sought in the legislation.

The 3 percent translates into a near 40 percent increase for rank-and-file members of LASERS. But not for the governor and other elected officials — their contribution rates would not increase.

“... this Act shall not apply to an elected official during the term of office he is serving on July 1, 2012. The contribution rate for such a member shall remain what it was on July 1, 2012, for the duration of his term of office,” according to Senate Bill 52 and House Bill 56, two pension revamp measures backed by Jindal.

The increased contribution rate would apply to those in the elected positions following the current term under the legislation.

In addition to the governor and other statewide elected officials, the measures would exempt judges and some legislators from the rate increases. Louisiana voters passed a constitutional amendment in 1996 stopping part-time elected officials from participating in LASERS, so new legislators, unless otherwise eligible, cannot be members.

Jindal did not respond to three requests for an interview made Tuesday through his press office.

But his deputy chief of staff, Kristy Nichols, said in a prepared statement: “The Governor and other elected officials currently pay a rate of 11.5 percent. After these reforms are passed, state workers will pay a rate of 11 percent.”

While elected officials pay a higher contribution rate today, <u>state law also give them a higher 3.5 percent accrual — the rate at which they earn benefits — compared with employees’ 2.5 percent and they also can retire earlier.</u> </div></div>


link (http://theadvocate.com/home/2484590-125/jindal-excluded-in-pension-cost)

Surely not?

Q

eg8r
04-06-2012, 07:53 AM
Kind of like Obama and Congress pushing Obamacare on the people yet refusing to take the same coverage that the poor can afford.

eg8r