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LA HB27
Bill
Status
1/21/2026
Primary Sponsor
Dixon McMakin
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AI Summary
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Proposes amending Article VII, Section 10(D)(2)(b)(iii) of the Louisiana Constitution to give state retirement systems flexibility in how they apply nonrecurring state funds to their unfunded accrued liabilities
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Removes the current requirement that retirement systems must apply nonrecurring monies to their oldest outstanding unfunded accrued liability first
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Maintains the existing requirement that the legislature appropriate at least 25% of nonrecurring state revenues to state retirement systems for unfunded accrued liability reduction
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Requires two-thirds approval from both legislative houses and submission to voters at the November 3, 2026 statewide election for ratification
Legislative Description
(Constitutional Amendment) Provides relative to application of nonrecurring state monies to state retirement system unfunded accrued liabilities (OR NO IMPACT APV)
APPROPRIATIONS/SUPPLEML
Last Action
Read by title, under the rules, referred to the Committee on Appropriations.
3/9/2026