Bill > SB16

This bill modifies the educational requirements for members of certain public retirement system boards of trustees in Louisiana, specifically amending R.S. 11:185(D)(3). The changes reduce the annual required training hours: members must now attend seven hours of investment training (down from eight), two hours of actuarial science education (down from four), one hour of education on applicable laws and regulations (down from two), and two hours on fiduciary duty and ethics. These training sessions can be provided by the retirement systems' staff or outside experts, and multiple systems can combine their training. The bill also clarifies that members newly elected or appointed after June 1st of a given year only need to meet the requirements outlined in Paragraph (4) of the relevant section, which is not detailed in the provided text. The bill is set to become effective on August 31, 2026.

Labor and Employment

https://www.legis.la.gov/legis/BillInfo.aspx?s=26rs&b=SB16&sbi=y