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LA HB18

Bill

Official Source

Status

Passed

6/8/2025

Primary Sponsor

Timothy Kerner

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Removes the prohibition on using the Firefighters' Retirement System's funding deposit account to pay for cost-of-living increases
  • Authorizes a one-time $2,000 lump-sum supplemental payment to retirees and beneficiaries who have received benefits for at least one year as of June 30, 2025
  • Requires the supplemental payment to be made no later than August 1, 2025
  • Funds the cost from the system's funding deposit account, with any additional costs covered by employer contributions
  • Estimated fiscal impact of $5,714,000 in state general fund expenditures

Legislative Description

Provides relative to the funding of supplemental benefits for members of the Firefighters' Retirement System (EN +$5,714,000 FC SG EX)

RETIREMENT/FIREFIGHTERS

Last Action

Effective date: 06/08/2025.

6/8/2025

Committee Referrals

Finance5/13/2025
Retirement5/7/2025
Retirement2/25/2025

Full Bill Text

No bill text available