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LouisianaSB 82026 Regular SessionSenateWALLET

RETIREMENT SYSTEMS: Provides for participation by certain entities in the Municipal Employees' Retirement System of Louisiana. (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: 1 benefits, 0 costs, 0 mixed.

Louisiana Asset Management Pool gains retirement access

The law lets the Louisiana Asset Management Pool participate in Louisiana's Municipal Employees' Retirement System. This opens retirement benefit access for eligible Pool employees under the system's existing participation rules. It does not change benefit formulas, contribution rates, or retirement eligibility rules. The law takes effect upon the governor's signature or when the deadline for becoming law without signature passes. After a veto override, it takes effect the next day.

Sponsors & Cosponsors

Sponsor

  • Edward J. Price

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 140 • No: 2

House vote • 5/12/2026

Read third time by title, roll called on final passage, yeas 91, nays 2. The bill, having received two-thirds vote of the elected members, was finally passed, ordered to the Senate.

Yes: 91 • No: 2

House vote • 5/5/2026

Reported favorably

Yes: 14 • 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. 221.

    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 91, nays 2. 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 (14-0). 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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