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LA SB21
Bill
Status
1/23/2026
Primary Sponsor
Edward Price
Click for details
AI Summary
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Terminates provisions for calculating the secondary priority amount after the original amortization base of the Louisiana State Employees' Retirement System (LASERS) is liquidated
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Repeals the annual increase to the secondary priority amount based on growth in the system's actuarial value of assets
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Eliminates provisions for calculating and increasing the residual priority amount after the experience account amortization base is liquidated
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Retains the existing two consolidated amortization bases structure for LASERS established effective June 30, 2009
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Becomes effective upon signature by the governor or upon expiration of the time for bills to become law without signature
Legislative Description
Provides relative to payments toward the unfunded accrued liability of the Louisiana State Employees' Retirement System and the amortization of certain actuarial gains. (gov sig) (OR SEE ACTUARIAL NOTE FC)
STATE EMPLOYEE RET
Last Action
Reported favorably.
3/16/2026