Loading chat...
LA HB29
Bill
Status
1/21/2026
Primary Sponsor
Tony Bacala
Click for details
AI Summary
-
Creates the Ascension Parish Clerk of Court Retired Employees Insurance Fund (APCOCREIF) to pay group insurance premium costs for eligible retired clerks and deputy clerks
-
Requires fund investments to include at least 25% in equities and at least 25% in fixed income investments, with 75% of fixed income rated investment grade
-
Prohibits withdrawals until the fund reaches $5 million in principal and accumulated earnings; if the fund falls below $4 million, insurance costs must be paid from the clerk's general fund
-
Establishes a three-member investment advisory board appointed by the clerk, consisting of the clerk or designee, one retired clerk or deputy clerk, and one active deputy clerk
-
Effective August 1, 2026
Legislative Description
Provides for the creation of the Ascension Parish retired employee insurance fund
CLERKS OF COURT
Last Action
Read by title, under the rules, referred to the Committee on Judiciary.
3/9/2026