Senate Retirement Meeting on Tuesday, April 2
2024 Louisiana Legislative Session
Senate Retirement Meeting on Tuesday, April 2
The Senate Retirement Committee is scheduled to meet on Tuesday, April 2 at 2:00 p.m. and will discuss SB 5 by Sen. Miguez. It requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors.
Senate Bill 1 Advances
SB 1 by Sen. Price passed on the Senate Floor and awaits introduction in the House. This bill specifies, that for transfers between systems, “employer contributions” are defined as only those employer contributions that are actuarially required.
LASERS Tracking Two New Bills
- HB 782 by Rep. McFarland was recently added to our tracking list. This bill makes supplemental appropriations for fiscal year 2023-2024 by allocating an additional $8.9 million to LASERS to apply to the balance of the initial unfunded accrued liability. HB 782 awaits introduction in House Appropriations.
- LASERS is also tracking HB 800 by Rep. Beaullieu. This bill calls for 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. This bill also requires the convention to complete a new constitution by July 15, 2024.
For in-depth details of legislation and links to watch the meetings live, visit the Louisiana State Legislature website at legis.la.gov.
Please note that meeting schedules and agendas are subject to change.