pension reform http://wrkf.org en Lawmakers to Retry Cash Balance Plan http://wrkf.org/post/lawmakers-retry-cash-balance-plan <p>The contentious plan to revamp the state’s floundering retirement systems was overturned in State Supreme Court on Friday.&nbsp;</p><p></p><p><span style="line-height: 1.5;">The high court knocked down the law not because of content, but because of how it passed. State law requires a </span>supermajority<span style="line-height: 1.5;"> for this kind of bill to progress. The legislature sent this one to the governor’s desk with only the majority’s approval.</span></p><p> Mon, 01 Jul 2013 20:19:04 +0000 Kelly Connelly 12750 at http://wrkf.org Jindal's Pension Overhaul Reaches State Supreme Court http://wrkf.org/post/jindals-pension-overhaul-reaches-state-supreme-court <p>The state Supreme Court heard arguments Tuesday on the constitutionality of Gov. Bobby Jindal’s pension overhaul passed by the legislature last session.</p><p> Wed, 20 Mar 2013 17:27:57 +0000 Ashley Westerman 7790 at http://wrkf.org Cash Balance Plan Could Tiptoe Back to Lawmakers http://wrkf.org/post/cash-balance-plan-could-tiptoe-back-lawmakers <p></p><p><span style="line-height: 1.5;">Representative Kevin Pearson, chairman of the House Retirement Committee, has prepared a bill that he hopes will improve the cash balance plan&nbsp;</span><span style="line-height: 1.5;">– despite that the plan is the subject of ongoing litigation. The plan was overturned in court because it didn’t get a two-thirds vote in the legislature.&nbsp;</span></p><p>If the State Supreme Court does uphold the decision, the bill could be used as a safety-net, and the cash balance plan could be brought before the legislature a second time.</p><p></p><p> Wed, 27 Feb 2013 23:44:15 +0000 Kelly Connelly 6810 at http://wrkf.org Cash Balance Plan Could Tiptoe Back to Lawmakers Pension Actuaries Make Quick Return to Capitol http://wrkf.org/post/pension-actuaries-make-quick-return-capitol <p>The state employee retirement reforms Gov. Bobby Jindal pushed last session were overturned in court last week. Monday, a state committee heard testimony about changes to the firefighters' retirement system that could be considered by the legislature this spring.</p> Tue, 29 Jan 2013 00:34:09 +0000 Kelly Connelly 5390 at http://wrkf.org Changes to State Employee Retirement Unconstitutional http://wrkf.org/post/changes-state-employee-retirement-unconstitutional <p>Gov. Bobby Jindal pushed the 401K-style retirement plan for future rank-and-file state workers last year. Thursday, a state judge struck it down.</p><p>Judge William Morvant called his ruling, “purely procedural.”</p><p>He said the law that swaps out monthly retirement payments for a “cash-balance” plan for new hires needed a two-thirds majority to pass since it raises the cost of the retirement plan.</p><p>Throughout the hearing Thursday, the opposing sides attacked the credibility of each other’s auditor.</p> Thu, 24 Jan 2013 23:19:01 +0000 Kelly Connelly 5242 at http://wrkf.org With Three Weeks Left, State Legislators Still Have Much To Do http://wrkf.org/post/three-weeks-left-state-legislators-still-have-much-do <p><span class="BodyCopy">As of Friday, May 11, the state Legislative session has three weeks until it must adjourn.</span></p><p class="BodyCopy">The budget has yet to be balanced even though the house passed an amendment Friday to end the dispute over the use of one-time money, and Governor Bobby Jindal's pension reforms remain in limbo.</p><p class="BodyCopy">Robert Mann is the Director of the Reilly Center for Media and Public Affairs at the Manship School at LSU.</p><p class="BodyCopy">WRKF's Ashley Westerman sat down with him earlier this week and asked what the biggest priority for the legislature is at this point.</p><p> Fri, 11 May 2012 05:00:00 +0000 Ashley Westerman 2599 at http://wrkf.org With Three Weeks Left, State Legislators Still Have Much To Do Pension Debate Pits Government vs. Government Workers http://wrkf.org/post/pension-debate-pits-government-vs-government-workers <p><span class="BodyCopy">Key pieces of Governor Bobby Jindal's pension reform have started to make their way through the legislature.</span></p><p class="BodyCopy">A bill that aims to change retirement eligibility heads to the full House tomorrow for further debate. Meanwhile, legislation to create a cash-balance plan for retirees and raise employee pension contribution by 3-percent is slated for the full Senate floor in the coming weeks.</p><p class="BodyCopy">Jeffrey Sadow is an Associate Professor of Political Science at LSU Shreveport. He is also the author of the Louisiana politics blog "Between The Lines".</p><p class="BodyCopy">Sadow spoke with WRKF's Ashley Westerman via telephone about the political dynamics at play in order to get pension reforms passed.</p><p> Mon, 23 Apr 2012 05:00:00 +0000 Ashley Westerman 4940 at http://wrkf.org Pension Debate Pits Government vs. Government Workers