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LouisianaSB 172026 Regular SessionSenate

REGISTRAR OF VOTERS RET: Provides for the funding deposit account for cost-of-living adjustments for the Registrars of Voters Employees' Retirement System. (2/3-CA10s(29)(F)) (gov sig) (EN INCREASE APV)

Sponsored By: Kirk Talbot (Republican)

Signed by Governor

Retirement

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Bill Overview

Analyzed Economic Effects

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

Cost-of-living raises for voter registrar retirees

The Registrars of Voters Employees' Retirement System board can approve monthly raises for eligible retirees, beneficiaries, and survivors. Benefits on the member's or retiree's record must have been paid for at least two years. Raises can reach 3% of current benefits, with up to 2% more for eligible recipients age 65 or older. The board can instead use a service- and time-based formula whose actuarial value does not exceed the regular increase. The system must be more than 100% funded to grant a raise in any year. Otherwise, it needs at least 90%, 80%, or 70% funding after one, two, or three fiscal years without raises, respectively. That funding test subtracts the raise's actuarial value from the system's actuarial asset value. Raises require available money in the funding deposit account and start July 1 after board approval.

Flexible pension costs for voter registrar employers

The voter registrars' retirement board can keep or lower employer contribution rates, but not below the rate calculated under state law; it can also charge up to 3 percentage points above that calculated rate. Surplus money collected in years when the board uses this authority goes into a funding deposit account, which earns annual interest at the board-approved actuarial valuation rate. Within the account balance, the board can reduce the present value of future pension costs, pay future net direct employer contributions, or fund cost-of-living raises. When money pays future employer contributions, the minimum recommended rate reduction equals the interest-adjusted amount used divided by projected payroll for that fiscal year. The account balance is excluded from assets used to calculate employer contribution rates, but counts as system assets for other purposes.

Sponsors & Cosponsors

Sponsor

  • Kirk Talbot

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 140 • No: 0

House vote • 5/12/2026

Read third time by title, roll called on final passage, yeas 97, nays 0. The bill, having received two-thirds vote of the elected members, was finally passed, ordered to the Senate.

Yes: 97 • No: 0

House vote • 5/5/2026

Reported favorably

Yes: 13 • No: 0

Senate vote • 4/1/2026

Senate floor amendments read and adopted. Read by title and passed by a vote of 30 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

Yes: 30 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 227.

    5/15/2026Senate

  2. Effective date 5/15/2026.

    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. The bill, having received two-thirds vote of the elected members, was 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 (13-0). Referred to the Legislative Bureau.

    5/5/2026House

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

    4/8/2026House

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

    4/7/2026House

  14. Senate floor amendments read and adopted. Read by title and passed by a vote of 30 yeas and 0 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.

    4/1/2026Senate

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

    3/31/2026Senate

  16. Reported favorably.

    3/30/2026Senate

  17. Read by title. Ordered engrossed and recommitted to the Committee on Finance.

    3/11/2026Senate

  18. Reported favorably.

    3/10/2026Senate

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

    3/9/2026Senate

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

    1/23/2026Senate

Bill Text

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