Minden Press-Herald

Thursday
Oct 02nd

House, Senate agree to delay

BATON ROUGE, (AP) — Both the House and Senate unanimously agreed Monday to delay by one year the start of Gov. Bobby Jindal's plan to shift future rank-and-file state workers to a 401(k)-style retirement plan.

A suspension of the law until July 1, 2014, would give lawmakers time to have some outstanding issues resolved.

A district court judge has ruled the retirement plan unconstitutional. That ruling is on appeal. Meanwhile, leaders of two state retirement systems have raised concerns about tax implications.

Last Updated ( May 07, 2013 )  

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