Bill
Bill > HB22
summary
Introduced
01/20/2026
01/20/2026
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. 11:1549, to enact R.S. 11:1550, and to repeal R.S. 11:105(A)(2), 106(A)(2), 107(A)(2), 107.1(A)(2), 242(B)(2), 243(A)(2), and 246(A)(2), relative to the Clerks' of Court Retirement and Relief Fund; to provide relative to cost-of- living adjustments; to provide for calculation of the amount of the adjustment; to provide relative to the authority of the board of trustees to grant an adjustment; to provide for the funding deposit account; to provide for employer contributions; and to provide for related matters. Notice of intention to introduce this Act has
AI Summary
This bill modifies the Clerks' of Court Retirement System by allowing the board of trustees, under certain conditions related to the system's financial health (measured by its "funded ratio," which compares the system's assets to its liabilities), to grant cost-of-living adjustments (COLAs) to retirees, beneficiaries, and survivors. The bill outlines specific criteria for granting COLAs based on the funded ratio, including thresholds that allow for adjustments if no COLA has been granted recently, and provides flexibility in how these adjustments are calculated, such as a percentage of the current benefit or a dollar amount tied to years of service and time since retirement, with a maximum limit. It also introduces provisions for employer contributions, allowing the board to maintain or slightly increase employer contribution rates and directing any surplus funds to a dedicated "funding deposit account" which can then be used for various purposes including reducing the system's liabilities, future contributions, or funding COLAs. Additionally, the bill repeals several existing provisions related to retirement system calculations and procedures.
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=HB22&sbi=y |
| Fiscal Note - Actuarial Note - HB22 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1447960 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434935 |
| Analysis - Digest of HB22 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1434941 |
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