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Medical board approves sliding deferred-compensation match to reduce employer costs
Summary
The Louisiana State Board of Medical Examiners approved a revised sliding-scale deferred-compensation matching plan that reduces projected employer costs, clarifies match percentages by salary bands, and received pushback from two members concerned about recruitment and retention.
The Louisiana State Board of Medical Examiners on July 2024 approved an alternative deferred-compensation matching plan intended to reduce employer cost while preserving retirement benefits for lower-paid staff. The board voted after a presentation and debate, with two members recorded as opposing the change.
Board member Dr. Collado presented the plan, saying the proposed sliding scale would match employee…
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