Members of the Committee:
Thank you for the opportunity to share our project’s perspective on Senate Bill 5 (SB5) and the potential one-time, lump-sum payment to retirees and beneficiaries of the Louisiana State Employees’ Retirement System (LASERS).
My name is Steven Gassenberger, and I serve as a policy analyst for the Pension Integrity Project at Reason Foundation. Our team conducts quantitative public pension research and offers pro-bono technical assistance to officials and stakeholders aiming to improve pension resiliency and advance retirement security for public servants in a financially responsible way.
Unlike some of the other bills under consideration, SB5 providing a one-time bonus