LA HB312

Appropriates $144,268,468 total from the State General Fund using FY 2024-2025 surplus funds to reduce unfunded accrued liability in four state retirement systems

Teachers' Retirement System of Louisiana receives $77,701,019, the largest allocation

Louisiana State Employees' Retirement System receives $59,986,989

Louisiana School Employees' Retirement System receives $4,784,189 and Louisiana State Police Retirement System receives $1,796,271

Funding authorized under Louisiana Constitution Article VII, Section 10(D)(2)(b)(iii), which governs surplus allocation to retirement system unfunded liabilities