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LouisianaHB 472026 Regular SessionHouse

RETIREMENT/ASSESSORS: Provides relative to cost-of-living adjustments for the Louisiana Assessors' Retirement Fund (EN INCREASE APV)

Sponsored By: Stephanie H. Berault (Republican)

Signed by Governor

Retirement

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Potential pension increases for Louisiana assessor retirees

The Louisiana Assessors' Retirement Fund board can use reserve money for cost-of-living increases for retirees, beneficiaries, and survivors. Benefits on the member's record must have been paid for at least one year when the increase starts. The board can approve up to 3% of current benefits, or a monthly increase based on service and time since retirement or death. The alternative cannot cost more, measured in today's dollars, than the 3% option. These options require a funded ratio of at least 100%, or lower thresholds after years without an increase: 90% after one year, 80% after two years, or 70% after three years. The ratio compares estimated assets, minus the increase's cost, with estimated pension obligations. Separately, eligible recipients age 65 or older can receive an additional increase of up to 2%. The board sets amounts based on available money and may set a maximum; increases are not automatic. Approved increases start October 1 following board approval.

Assessor pension funding allows higher employer payments

When the calculated employer contribution rate falls, the Louisiana Assessors' Retirement Fund board can keep the prior year's rate. It can also choose a lower rate, but not below the rate calculated under state law. The board can require a rate up to 3 percentage points above that calculated rate. Surplus money collected in years when the board uses this authority goes into the fund's existing funding deposit account. The account earns interest annually at the board-approved rate used to estimate pension funding. Up to the available balance, the board can reduce future pension costs, pay future employer contributions, or fund cost-of-living increases. To lower recommended employer contributions, the fund divides the interest-adjusted account withdrawal by projected payroll for that year. The account balance is excluded from employer-rate calculations but counts as a fund asset for other purposes.

Sponsors & Cosponsors

Sponsor

  • Stephanie H. Berault

    Republican • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 136 • No: 0

Senate vote • 5/26/2026

Read by title, passed by a vote of 36 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 36 • No: 0

House vote • 3/26/2026

Read third time by title, roll called on final passage, yeas 91, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, title adopted, ordered to the Senate.

Yes: 91 • No: 0

House vote • 3/23/2026

Reported favorably

Yes: 9 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 528.

    5/29/2026House

  2. Effective date: 05/29/2026.

    5/29/2026House

  3. Sent to the Governor for executive approval.

    5/28/2026House

  4. Enrolled and signed by the Speaker of the House.

    5/27/2026House

  5. Signed by the President of the Senate.

    5/27/2026Senate

  6. Rules suspended. Called from the Calendar.

    5/26/2026Senate

  7. Read by title, passed by a vote of 36 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/26/2026Senate

  8. Received from the Senate without amendments.

    5/26/2026House

  9. Rules suspended.

    5/18/2026Senate

  10. Read by title and returned to the Calendar, subject to call.

    5/18/2026Senate

  11. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/13/2026Senate

  12. Read by title and referred to the Legislative Bureau.

    5/12/2026Senate

  13. Reported favorably.

    5/11/2026Senate

  14. Read by title. Recommitted to the Committee on Finance.

    4/14/2026Senate

  15. Reported favorably.

    4/13/2026Senate

  16. Read second time by title and referred to the Committee on Retirement.

    3/31/2026Senate

  17. Received in the Senate. Read first time by title and placed on the Calendar for a second reading.

    3/30/2026Senate

  18. Read third time by title, roll called on final passage, yeas 91, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, title adopted, ordered to the Senate.

    3/26/2026House

  19. Scheduled for floor debate on 03/26/2026.

    3/25/2026House

  20. Read by title, ordered engrossed, passed to 3rd reading.

    3/24/2026House

  21. Reported favorably (9-0).

    3/23/2026House

  22. Read by title, under the rules, referred to the Committee on Retirement.

    3/9/2026House

  23. Prefiled.

    1/23/2026House

  24. Under the rules, provisionally referred to the Committee on Retirement.

    1/23/2026House

  25. First appeared in the Interim Calendar on 1/23/2026.

    1/23/2026House

Bill Text

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