73°
Baton Rouge, Louisiana
3 Day Outlook
Thu
86°
71°
60%
Fri
86°
70°
60%
Sat
86°
69°
40%
Follow our weather team on social media

Trial set in lawsuit against state retirement plan

2 years ago January 24, 2013 Jan 24, 2013 Thursday, January 24 2013 Thursday, January 24, 2013 9:20:48 AM EST in News
Source: Associated Press

BATON ROUGE - A Baton Rouge judge is hearing arguments in a lawsuit challenging Gov. Bobby Jindal's 401(k)-style retirement plan for future rank-and-file state workers.

The Retired State Employees Association of Louisiana claims the law is unconstitutional because it didn't get a two-thirds vote in the state House of Representatives.

The trial before Judge William Morvant is Thursday. It's expected to last all day.

The bill created an investment account similar to a 401(k) plan for state employees hired after July 1, 2013, instead of a monthly retirement payment based on salary and years of employment. It's called a "cash balance" retirement plan.

Jindal's office said the governor is confident the measure was constitutionally passed during the last legislative session. House Speaker Chuck Kleckley ruled the bill didn't need a two-thirds vote.

More News

comments powered by Disqus

Desktop News

Click to open Continuous News in a sidebar that updates in real-time.
5 Days
Radar
Today
T-Storms
80°
69°
Thu
PM T-Storms
86°
71°
Fri
PM T-Storms
86°
70°
Sat
PM T-Storms
86°
69°
Sun
PM T-Storms
87°
70°