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LouisianaSB 162026 Regular SessionSenateWALLET

RETIREMENT SYSTEMS: Provides for educational requirements for trustees of certain retirement system boards. (8/31/26) (EN NO IMPACT FC)

Sponsored By: Edward J. Price (Democratic)

Signed by Governor

Retirement

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Bill Overview

Analyzed Economic Effects

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

Louisiana retirement trustees need less training

Beginning August 31, 2026, covered Louisiana retirement board trustees have lower annual training requirements. Investment training drops from 8 to 7 hours, and actuarial science education drops from 4 to 2 hours. Training on their retirement system’s laws and rules drops from 2 to 1 hour. The 2-hour requirement on fiduciary duty and ethics stays unchanged. System staff or outside experts can provide training, and retirement systems can share sessions. Trustees first elected or appointed on or after June 1 follow only Paragraph (4) of Subsection D. The provided text does not explain that paragraph’s requirements. The law does not directly change household retirement benefits or costs.

Sponsors & Cosponsors

Sponsor

  • Edward J. Price

    Democratic • Senate

Cosponsors

  • Tony Bacala

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 147 • No: 0

House vote • 5/12/2026

Read third time by title, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.

Yes: 97 • No: 0

House vote • 5/5/2026

Reported favorably

Yes: 15 • No: 0

Senate vote • 3/23/2026

Read by title, passed by a vote of 35 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

Yes: 35 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 226.

    5/15/2026Senate

  2. Effective date 8/31/2026.

    5/15/2026Senate

  3. Sent to the Governor by the Secretary of the Senate.

    5/14/2026Senate

  4. Enrolled. Signed by the President of the Senate.

    5/13/2026Senate

  5. Signed by the Speaker of the House.

    5/13/2026House

  6. Read third time by title, roll called on final passage, yeas 97, nays 0. Finally passed, ordered to the Senate.

    5/12/2026House

  7. Received from the House without amendments.

    5/12/2026Senate

  8. Scheduled for floor debate on 05/12/2026.

    5/11/2026House

  9. Read by title, passed to 3rd reading.

    5/7/2026House

  10. Reported without Legislative Bureau amendments.

    5/6/2026House

  11. Reported favorably (15-0). Referred to the Legislative Bureau.

    5/5/2026House

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

    3/25/2026House

  13. Received in the House from the Senate, read by title, lies over under the rules.

    3/24/2026House

  14. Read by title, passed by a vote of 35 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

    3/23/2026Senate

  15. Read by title. Ordered engrossed and passed to third reading and final passage.

    3/11/2026Senate

  16. Reported favorably.

    3/10/2026Senate

  17. Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Retirement.

    3/9/2026Senate

  18. Prefiled and under the rules provisionally referred to the Committee on Retirement.

    1/23/2026Senate

Bill Text

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