HIGHER EDUCATION: Authorizes each public postsecondary education management board to develop and implement a voluntary phased retirement program for faculty and staff

HB 104 authorizes Louisiana's public college and university management boards to create voluntary phased retirement programs for eligible faculty and staff. The bill requires programs to include specific minimum provisions: participation must be voluntary, employees must be eligible for retirement under state law, have at least 10 years of service, and be 59.5 years or older; participants must work at least 50% effort for 12-36 months; and written agreements must be approved by HR and academic leaders. These programs aim to support recruitment, retention, knowledge transfer, and succession planning at public institutions. Boards may adopt policies by July 1, 2027, but cannot implement programs before that date.