LA HB49

Employees hired on or after January 1, 2027 at employers covered by Social Security will no longer have the option to elect out of membership in the Municipal Police Employees' Retirement System (MPERS) or Firefighters' Retirement System (FRS)

Partial dissolution of a police or fire department is now determined by comparing participating employee counts against a new "target employee count" based on a rolling average: prior year count for valuations through June 30, 2025; two-year average for June 30, 2026; three-year average for June 30, 2027 and later

The minimum employee reduction threshold for MPERS partial dissolution increases from two to three employees, matching the existing FRS threshold, effective for valuations dated June 30, 2024, or later

Payment start dates for unfunded accrued liability following partial dissolution are extended from the second fiscal year to the third fiscal year following the actuary's determination for withdrawals based on valuations dated June 30, 2024, or later

Employers delinquent on withdrawal payments as of June 30th lose certain relief provisions, including the ability to have payments proportionately reduced based on employee count increases