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LA HB35
Bill
Status
1/22/2026
Primary Sponsor
Jeff Wiley
Click for details
AI Summary
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Authorizes the Sheriffs' Pension and Relief Fund (SPRF) board of trustees to set the employer contribution rate up to 3% higher than the net direct actuarially required rate
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Requires all surplus funds collected when the board sets contribution rates above the minimum recommended rate to be credited to the funding deposit account
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Applies to fiscal years terminating on or after December 31, 2008
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Funding deposit account funds may only be used to reduce unfunded accrued liability, reduce future normal costs, pay future employer contributions, or provide cost-of-living increases
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Effective upon signature by the governor or lapse of time for gubernatorial action
Legislative Description
Provides relative to employer contribution for the Sheriffs' Pension and Relief Fund (OR NO IMPACT APV)
RETIREMENT/SHERIFFS FUND
Last Action
Read by title, under the rules, referred to the Committee on Retirement.
3/9/2026