Act No. 1048 - Public Retirement System Legislative Regulations

Louisiana Ballot Measure - Proposed Amendment No. 6

Election: Nov. 2, 2010 (General)
Outcome: Passed

Yes: 728533  (65.0%)
No: 392212  (35.0%)

Categories:

Summary

    Act 1048 (2010 Regular Session) amends Article X, Section 29(E)(5) and adds Article X, Section 29(F).

    Present Constitution provides that future benefit provisions for members of the state and statewide public retirement systems shall be altered only by legislative enactment.

    Proposed Constitutional Amendment provides that benefit provisions for members of any public retirement system, plan, or fund that is subject to legislative authority shall be altered only by legislative enactment.

    Proposed Constitutional Amendment requires approval of two-thirds of the elected members of each house of the legislature to enact benefit provisions having an actuarial cost for members of any public retirement system, plan, or fund that is subject to legislative authority.

    Measure Text

    To require a two-thirds vote of the elected members of each house of the legislature to enact any benefit provision for members of a Louisiana public retirement system if the provision has an actuarial cost. (Amends Article X, Section 29(E)(5); Adds Article X, Section 29(F))

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