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LouisianaSB 212026 Regular SessionSenate

STATE EMPLOYEE RET: 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) (EN SEE ACTUARIAL NOTE 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.

New funding rules for Louisiana state pensions

The law changes how Louisiana’s state employee retirement system resets payments on unpaid pension liabilities. After the system first reaches at least 80% funded, payment resets begin with the June 30 valuation following that fiscal year. At that valuation and each later valuation, extra funds applied to a debt trigger equal yearly payments over its remaining original payment period. The law also requires payment resets in fiscal year 2019–2020 and every fifth fiscal year afterward, accounting for payments already made. Other resets are barred except under the law’s stated exceptions. The secondary-priority rule for allocating investment returns above the assumed rate ends at the first valuation after the original debt base is paid off; several older allocation and payment rules are repealed. These changes do not specify any change to members’ benefit amounts.

Sponsors & Cosponsors

Sponsor

  • Edward J. Price

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 143 • No: 3

House vote • 5/12/2026

Read third time by title, roll called on final passage, yeas 90, nays 3. Finally passed, ordered to the Senate.

Yes: 90 • No: 3

House vote • 5/5/2026

Reported favorably

Yes: 16 • No: 0

Senate vote • 3/24/2026

Read by title, passed by a vote of 37 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

Yes: 37 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 230.

    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 90, nays 3. 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 (16-0). 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. Read by title, passed by a vote of 37 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.

    3/24/2026Senate

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

    3/24/2026House

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

    3/17/2026Senate

  16. Reported favorably.

    3/16/2026Senate

  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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