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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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| 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.
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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.
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