Move To Raise Retirement Costs For State Employees
The Louisiana House is considering whether to raise retirement costs for state employees, a move that would lower take-home pay but give state coffers an extra $25 million a year. The bill would increase the percentage of pay that workers in in the Louisiana State Employees' Retirement System contribute to retirement by 3 percent. It wouldn't apply to employees in hazardous lines of duty, like prison guards.
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