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LA HB13
LA HB13Provides relative to amortization bases within the Louisiana State Police Retirement System (OR SEE ACTUARIAL NOTE FC)
summary
Introduced
01/16/2026
01/16/2026
In Committee
03/09/2026
03/09/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 11:102(B)(3)(c) and (F), relative to the Louisiana State Police Retirement System; to provide relative to employer contributions; to provide for determination of the employer contribution rate; to provide relative to amortization periods for certain changes, gains, and losses; to provide for an effective date; and to provide for related matters. Notice of intention to introduce this Act has
AI Summary
This bill modifies how the Louisiana State Police Retirement System calculates employer contributions, specifically concerning the amortization periods for certain financial adjustments. Amortization is the process of spreading out a cost or debt over time. The bill introduces new rules for how "amortization bases," which represent past over or underpayments and other financial gains or losses, are paid off. It consolidates existing amortization bases into a new period ending in 2049 and establishes shorter amortization periods of fifteen years for future adjustments starting in 2030. Additionally, it sets a minimum employer contribution rate starting in Fiscal Year 2027-2028, ensuring it covers the projected normal cost plus a benefit increase contribution rate. The bill also clarifies that the cost of this Act will be covered by additional employer contributions.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Read by title, under the rules, referred to the Committee on Retirement. (on 03/09/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=HB13&sbi=y |
| Fiscal Note - Actuarial Note - HB13 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1447572 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434533 |
| Analysis - Digest of HB13 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434534 |
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