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  • 2023 Louisiana Legislative Session

2023 Legislative Bills Impacting LASERS

The 2023 Regular Session of the Louisiana Legislature ended on Thursday, June 8. 

Visit the Louisiana State Legislature Website for specific information on each bill.

Updated: 07.06.23

Impacts LASERS

SB 18 – Price & Cortez
Position Taken: Support
Systems Impacted: State
Reforms the mechanism by which COLAs/PBIs are granted. For more detailed information, view the SB 18 information webpage here.

  • Senate Retirement – Reported Favorably as Amended
  • Senate Finance – Reported Favorably as Amended
  • Senate Floor – Passed (Y:37/N:1)
  • House Retirement – Reported Favorably
  • House Appropriations – Reported Favorably
  • House Floor – Passed (Y:99/N:0)
  • Enrolled
  • Signed by the Governor
  • Act 184 – Effective 6/8/2023
HB 1 – Zeringue
Position Taken:
Provides for the ordinary operating expenses of state government for FY 23-24. As amended, it appropriated $125 million out of the state general fund to the IUAL,  however this appropriation was vetoed by the Governor.

  • House Appropriations – Reported Favorably as Amended
  • House Floor – Amended and Passed (Y:72/N:33)
  • Senate Finance – Reported Favorably as Amended
  • Senate Floor – Amended and Passed (Y:39/N:0)
  • House Floor – Amendments Rejected
  • Senate Floor – Adopted Conference Committee Report
  • House Floor – Adopted Conference Committee Report
  • Signed by the Governor with line-item vetoes
  • Act 447 – Effective 7/1/2023
HB 47 – Nelson
Position Taken: Support
Systems Impacted: State
Constitutional Amendment
Proposes a constitutional amendment that, if approved by voters on Oct. 14, 2023, would require a minimum of 25% of all nonrecurring state revenues be applied to the UALs of LASERS, TRSL, LSERS and LSPRS beginning in FY 24-25.

  • House Appropriations – Reported Favorably
  • Recommitted to House Civil Law – Reported Favorably
  • House Floor – Failed to Pass (Y:63/N:30)
  • House Floor – Failed on Reconsideration (Y:64/N:28)
  • House Floor – Passed (Y:103/N:0)
  • Senate Retirement – Reported Favorably
  • Senate Finance – Reported Favorably
  • Senate Floor – Passed (Y:37/N:2)
  • Enrolled
  • Signed by the Governor
  • Act 107 – Effective upon passage of Constitutional Amendment
HB 550 – Zeringue
Position Taken:
Provides for the transfer, deposit, and use of monies among state funds. It creates the 2024 LASERS IUAL Payment Fund and provides for the transfer of money appropriated in HB 1 to the LASERS IUAL.

  • House Appropriations – Reported Favorably as Amended
  • House Floor – Amended and Passed (Y:71/N:32)
  • Senate Finance – Reported Favorably as Amended
  • Senate Floor – Amended and Passed (Y:39/N:0)
  • House Floor – Amendments Rejected
  • Senate Floor – Adopted Conference Committee Report
  • House Floor – Adopted Conference Committee Report
  • Enrolled
  • Signed by the Governor
  • Act 410 – Transfers effective 7/1/2023
HB 560 – Zeringue
Position Taken: Support
Makes supplemental appropriations for Fiscal Year 2022-2023 – allocates an additional $23.4 million (amended to $270 million) to LASERS to apply to the balance of the Unfunded Accrued Liability.

  • House Appropriations – Reported Favorably
  • House Floor – Amended and Passed (Y:74/N:30)
  • Senate Finance – Reported Favorably as Amended
  • Senate Floor – Amended and Passed (Y:38/N:0)
  • House Floor – Amendments Rejected
  • Senate Floor – Adopted Conference Committee Report
  • House Floor – Adopted Conference Committee Report
  • Enrolled
  • Signed by the Governor with line-item vetoes
  • Act 397 – Effective 6/15/2023
HCR 70 – Beaullieu
Position Taken:
Requests the state treasurer and state and statewide retirement systems to report on investment advisors and companies used by the treasurer and the systems that discriminate against the fossil fuel industry through Environmental, Social, and Governance “ESG” policies by October 1, 2023.

  • House Retirement – Reported Favorably
  • House Floor – Amended and Passed (Y:98/N:0)
  • Senate Retirement – Reported Favorably
  • Senate Floor – Passed (Y:38/N:0)
  • Enrolled
  • Sent to the Secretary of State
HCR 110 – Miguez
Position Taken:
Requests the state public retirement systems to uphold their fiduciary duty when making financial decisions and to avoid ESG investing.

  • House Retirement – Reported Favorably
  • House Floor – Passed (Y:89/N:5)
  • Senate Judiciary A – Reported Favorably
  • Senate Floor – Passed (Y:25/N:0)
  • Enrolled
  • Sent to the Secretary of State

Of Interest to LASERS

HCR 67 – Johnson
Position Taken: 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:99/N:0)
  • Senate Retirement – Reported Favorably
  • Senate Floor – Passed (Y:38/N:0)
  • Enrolled
  • Sent to the Secretary of State

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Baton Rouge, LA 70804-4213

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