2024 LOUISIANA LEGISLATIVE SESSION

The 2024 Regular Session of the Louisiana Legislature convened on Monday, March 11, and adjourned on Monday, June 3.

Below is the list of bills tracked by LASERS and their outcome.

2024 Retirement Legislation Impacting LASERS

SB 1 – Sen. Price
 Position: Neutral
Systems Impacted: State & Statewide
Provides relative to transfers of service credit between systems by specifying that, for purposes of transfers between systems, “employer contributions” are defined as only those employer contributions that are actuarially required.

  • Senate Retirement – Reported Favorably
  • Senate Floor – Passed (Y:35/N:0)
  • House Retirement – Reported Favorably
  • House Floor – Passed [Y:92/N:0]
  • Enrolled
  • Signed by the Governor – Act 46
SB 5 – Sen. Miguez
 Position: Neutral
Systems Impacted: State & Statewide
Requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors.

  • Senate Retirement – Amended by Substitute, Remains in Committee
SB 462 – Sen. Hodges
 Position: Oppose
Systems Impacted: State & Statewide
Permits the governor to elect to appoint the chairman, or any other officer, of each board and commission whose appointment is not otherwise provided for in the Constitution of Louisiana.

  • Senate & Governmental Affairs – Reported Favorably as Amended
  • Senate Floor – Amended and Passed [Y:28/N:10]
  • House & Governmental Affairs – Reported Favorably as Amended
  • House Floor – Passed [Y:62/N:30]
  • Senate Floor – Concurred in House Amendments [Y:26/N:10]
  • Enrolled
  • Signed by the Governor – Act 491
HB 30 – Rep. Bagley
 Position: Neutral
Systems Impacted: LASERS
Provides relative to retirement eligibility. Permits any rank-and-file member, regardless of age or first date of employment, to retire with 27 years of service credit [as amended].

  • House Retirement – Vote to report favorably failed, Remains in Committee
  • House Retirement – Reported Favorably as Amended
  • House Appropriations – Reported Favorably as Amended
  • House Floor – Amended; Vote Failed [Y:63/N:36]
  • House Floor – Vote Failed [Y:67/N:17]
HB 316 – Rep. Larvadain
 Position:
Systems Impacted: LASERS
Provides that the Chairman of the Gaming Control Board shall be a LASERS-eligible position.

  • House & Governmental Affairs – Reported Favorably as Amended
  • House Floor – Passed [Y:102/N:0]
  • Senate Judiciary B – Reported Favorably as Amended
  • Senate Floor – Passed [Y:38/N:0]
  • Pending House Concurrence
HB 782 – Rep. McFarland
 Position: Support
Systems Impacted: LASERS
Makes supplemental appropriations for Fiscal Year 2023-2024 – allocates an additional $8.9 million [amended to $9.9 million] to LASERS to apply to the balance of the IUAL.

  • House Appropriations – Amended and Reported Favorably
  • House Floor – Amended and Passed [Y:102/N:0]
  • Senate Finance – Reported Favorably as Amended
  • House Floor – Concurred in Senate Amendments [Y:104/N:0]
  • Enrolled
HB 800 – Rep. Beaullieu
 Position:
Calls a constitutional convention to convene on May 20, 2024, to be composed of 171 delegates, who are the 105 members of the House of Representatives, the 39 members of the Senate, and 27 delegates appointed by the governor. Requires the convention to complete a new constitution by July 15, 2024.

  • House & Governmental Affairs – Reported Favorably as Amended
  • House Appropriations – Reported Favorably as Amended
  • House Floor – Amended and Passed [Y:75/N:27]
  • Pending in Senate and Governmental Affairs
HB 981 (previously HB 902) – Rep. Melerine
 Position: Oppose
Systems Impacted: State & Statewide
Provides relative to the voting of shares held by retirement systems based on advice of proxy advisory firms.

  • House Retirement – Amended by Substitute, Remains in Committee
  • House Retirement – Reported by Substitute – became HB 981
  • House Floor – Amended and Passed [Y:70/N:26]
  • Senate Retirement – Deferred
HCR 20 – Rep. Johnson
 Position: Support
Memorializes Congress to review and eliminate the WEP and GPO by supporting H.R. 82 and S. 597 of the 118th Congress.

  • House Retirement – Reported Favorably
  • House Floor – Passed (Y:97/N:0)
  • Senate Retirement – Reported Favorably
  • Senate Floor – Passed [Y:39/N:0]
  • Enrolled
HR 267 – Rep. Melerine
 Position:
Requests state retirement systems to submit reports regarding procedures for proxy voting.

  • House Retirement – Discharged from Committee
  • Pending House Final Passage
  • House Floor – Passed [Y:82/N:16]
  • Enrolled
HSR 4 – Rep. Riser
 Position:
Requests the House Committee on Retirement to study the benefits available to beneficiaries of a member of a state retirement system killed in the line of duty by an intentional act of violence and to report its findings to the full House of Representatives prior to the convening of the 2025 Regular Session.

  • Approved by the House

Sign Up for Emails

Get updates straight to your inbox! LASERS provides timely updates on legislative bills impacting the System through Member Connection emails.