Bill
Bill > SB13
LA SB13
LA SB13Provides relative to the determination of employer contributions and amortization of certain actuarial gains. (gov sig) (OR SEE ACTUARIAL NOTE FC)
summary
Introduced
01/23/2026
01/23/2026
In Committee
01/23/2026
01/23/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
AN ACT To amend and reenact R.S. 11:102.2(A)(4)(c)(iv), to enact R.S. 11:102.2(A)(5)(a), and to repeal R.S. 11:102.2(A)(4)(c)(v), and (e)(ii) and (iii), relative to the Teachers' Retirement System of Louisiana; to provide for the calculation of employer contributions, minimum employer contribution rates, amortization of the unfunded accrued liability, and treatment of contribution variances for the Teachers' Retirement System of Louisiana; to provide for an effective date; and to provide for related matters. Notice of intention to introduce this Act has
AI Summary
This bill makes changes to how employer contributions and the amortization of certain actuarial gains are calculated for the Teachers' Retirement System of Louisiana. Specifically, it amends existing law to terminate a provision related to the "secondary priority amount," which is the maximum amount of excess investment returns that can be used to reduce the system's unfunded liability. It also introduces new provisions that, once the system reaches an 80% funded percentage, will allow for the reamortization of any remaining liability over the original amortization period with level payments, and mandates reamortization every five years thereafter. Additionally, the bill repeals certain other provisions related to amortization schedules. The goal of these changes is to provide a more structured and potentially faster way to address the system's unfunded liabilities.
Committee Categories
Labor and Employment
Sponsors (1)
Last Action
Prefiled and under the rules provisionally referred to the Committee on Retirement. (on 01/23/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=SB13&sbi=y |
| Fiscal Note - Actuarial Note - SB13 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1447963 |
| BillText | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1435521 |
| Analysis - Digest of SB13 Original | https://www.legis.la.gov/Legis/ViewDocument.aspx?d=1435524 |
Loading...