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LA HB15
LA HB15Provides relative to the correction of administrative errors within the Assessors' Retirement Fund
summary
Introduced
01/20/2026
01/20/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
AN ACT To enact R.S. 11:1473, relative to the Assessors' Retirement Fund; to provide relative to correction of administrative errors; to provide for calculation of interest; to provide for an effective date; and to provide for related matters. Notice of intention to introduce this Act has
AI Summary
This bill, by enacting R.S. 11:1473, allows the board of trustees of the Assessors' Retirement Fund to correct administrative errors that lead to either overpaying or underpaying benefits to recipients. If an underpayment occurred due to an error by someone calculating benefits, the corrected amount will include interest calculated at the system's valuation interest rate, which is the rate used to determine the fund's financial health. For overpayments, the board will work to recover the excess funds over a reasonable period, potentially by reducing future benefit payments, and must provide at least thirty days' notice to the recipient about the overpayment, the amount owed, and how their benefits will be adjusted.
Sponsors (1)
Last Action
First appeared in the Interim Calendar on 1/23/2026. (on 01/23/2026)
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=HB15&sbi=y |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434822 |
| Analysis - Digest of HB15 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434825 |
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