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Governor Jindal Signs Pension Reform Law

Statement

By:
Date:
Location: Baton Rouge, LA

Today, Governor Bobby Jindal signed SB 48 by Senator Elbert Guillory into law, which adds the Commissioner of Administration or a designee to the boards of the state retirement systems.

The Governor emphasized that with this new law, the state retirement boards will gain a trustee who understands state budgeting and the overall fiscal picture faced by the state. The bill is part of the Governor's 2012 legislative package.

Governor Jindal said, "This new law adds an expert from the budgeting arm of the state to retirement boards so they can understand the state's fiscal realities and that every single taxpayer dollar must be distributed in a way that protects critical services, including higher education and healthcare."


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