HOUSE VOTES ON HB 42 (COLA BILL)

IT’S NOT TOO LATE TO CALL ABOUT HB 42 (COLA BILL)!
May 26, 2015
HB 42 (COLA BILL) IN SENATE RETIREMENT COMMITTEE
May 28, 2015

Way to go, members! The House of Representatives voted 80 to 20 to pass HB 42 and send it to the Senate for debate. Please click here to read the article in yesterday’s copy of The Advocate newspaper by Marsha Shuler.

http://theadvocate.com/news/12478827-123/la-house-agrees-to-retiree

Included here is a link that reflects who voted for and against HB 42. RSEA would be most appreciative if you would contact YOUR State Representative and thank them for their support.

http://www.legis.la.gov/legis/ViewDocument.aspx?d=951981

We are only halfway there. Now, we have to start calling our Senators and ask for their help and support by co-authoring HB 42. Here’s a link to find your Louisiana Legislators.

http://www.legis.la.gov/legis/FindMyLegislators.aspx

HB 42 has been received by the Senate and assigned to the Senate Retirement Committee.

Below are listed the members of the Senate Retirement Committee:

Senator Elbert L. Guillory (Chairman)
633 East Landry Street
Opelousas, LA 70570
(337) 943-2457
guillorye@legis.la.gov

Senator Page Cortez (Vice-Chairman)
101 W. Farrell Road
Bldg. 5, Suite 100
Lafayette, LA 70508
(337) 993-7430
cortezp@legis.la.gov

Senator Conrad Appel
721 Papworth Avenue
Suite 102A
Metairie, LA 70005
(866) 946-3133
appelc@legis.la.gov

Senator A.G. Crowe
646 Carnation Street
Slidell, LA 70460
(985) 643-3600
ag@agcrowe.com

Senator Gerald Long
P.O. Box 151
Winnfield, LA 71483
(318) 628-5799
longg@legis.la.gov

Senator Barrow Peacock
1619 Jimmie Davis Highway
Bossier City, LA 71112
(318) 741-7180
peacockb@legis.la.gov

Senator Jonathan “J. P.” Perry
P.O. Box 100
Kaplan, LA 70548
(337) 643-6425
perryj@legis.la.gov

Reasons we are asking for a COLA:
Inflation increased by 2.1% in 2014.
The average benefit increase to be implemented by this legislation for eligible members of LASERS will be in the neighborhood of $30.00 per month before taxes.
The Office of Group Benefits has indicated premiums for medical insurance will increase 12% on July 1, 2015. That means a retiree, who is not Medicare eligible, participating in the Magnolia Local Plus Plan, will be paying an additional $16.83 per month for single coverage and up to $58.00 additional per month on a family plan for their health insurance coverage.
Physician copays have increased – from $15.00 to $25.00 for general practitioners, and from $25.00 to $50.00 for specialists.
Prescription drug copays have also increased on certain medicines.
Retiree COLAS have only been granted twice since 2008 totaling 4.5% in 7 years.

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