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Hundreds gathered for a second line honoring the victim's of last Sunday's Mother's Day shooting. Participants say last weekend's violence won't keep them from doing what they love. more>> Hundreds gathered for a second line honoring the victim's of last Sunday's Mother's Day shooting. Participants say last weekend's violence won't keep them from doing what they love. more>> In just a matter of weeks uptown residents who live near the Arabella Fire Station will lose a special piece of firefighting equipment.more>> In just a matter of weeks uptown residents who live near the Arabella Fire Station will lose a special piece of firefighting equipment.more>> One of several tornadoes that touched down Sunday in Oklahoma turned homes in a trailer park near Oklahoma City into splinters and rubble and sent frightened residents along a 100-mile corridor scurrying for shelter.more>> One of several tornadoes that touched down Sunday in Oklahoma turned homes in a trailer park near Oklahoma City into splinters and rubble and sent frightened residents along a 100-mile corridor scurrying for shelter.more>> Amtrak officials say a train departing from New Orleans derailed not far from Chicago's Union Station.more>> Amtrak officials say a train departing from New Orleans derailed not far from Chicago's Union Station.more>> A government report says construction of a new Veterans Affairs hospital in New Orleans is $370 million over budget and 14 months behind schedule.more>> A government report says construction of a new Veterans Affairs hospital in New Orleans is $370 million over budget and 14 months behind schedule.more>> The State Fire Marshal's Office is asking for assistance in the investigation of a series of fires in St. Charles Parish.more>> The State Fire Marshal's Office is asking for assistance in the investigation of a series of fires in St. Charles Parish.more>> Authorities say a 12-year-old boy accidentally shot his 8-year-old brother with a gun he found in a closet at his grandparents' Baton Rouge home.more>> Authorities say a 12-year-old boy accidentally shot his 8-year-old brother with a gun he found in a closet at his grandparents' Baton Rouge home.more>> The Tangipahoa Parish School Board will use rededicated sales tax revenue, cuts to transportation services, elimination of a perfect-attendance salary bonus and a one-time reduction in the board-mandated minimum fund balance.more>> The Tangipahoa Parish School Board will use rededicated sales tax revenue, cuts to transportation services, elimination of a perfect-attendance salary bonus and a one-time reduction in the board-mandated minimum fund balance.more>> Police are investigating a fatal accident Sunday morning that left an unidentified man dead.more>> Police are investigating a fatal accident Sunday morning that left an unidentified man dead.more>> The National Flood Insurance Program has set up a hotline to provide information to Louisiana residents.more>> The National Flood Insurance Program has set up a hotline to provide information to Louisiana residents.more>>
BATON ROUGE, La. (AP) - The Louisiana State Employees Retirement System board wants the Legislature to delay the July 1 start of a 401(k)-type retirement plan for new state hires.
The board voted Friday to seek the delay, The Advocate reports, because members fear the tax and Social Security status of the plan may not be resolved in time.
LASERS Deputy Director Maris LeBlanc says the IRS could subject employees' contributions and retirement earnings to taxes. Some employees could have to be enrolled in Social Security if the state benefit isn't equivalent to Social Security's - adding to employee and taxpayer costs. The costs would be levied retroactively from the plan's start.
Gov. Bobby Jindal's spokesman Michael DiResto says the administration is "confident" the plan meets IRS requirements and there's no reason for delay.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
