LA SB85

Creates the St. Charles Parish Sheriff Retired Employees Insurance Fund (SCREIF) to help pay group insurance premium costs for retired sheriffs and deputy sheriffs who have at least 15 years of service and reached age 55, or at least 20 years of service at any age.

Requires the sheriff to invest at least 25% of the fund in equities and 25% in fixed income investments, with a minimum of 75% of the fixed income portion rated as investment grade.

Prohibits withdrawal of earnings until the fund reaches $4 million in principal and accumulated earnings; if the fund falls below $4 million, insurance costs must be paid from the sheriff's general fund.

Establishes a three-member investment advisory board consisting of the sheriff or designee, one retired sheriff or deputy sheriff, and one active deputy sheriff, all appointed by the sheriff.

Effective August 1, 2026.