2024 Louisiana Legislative Session
The 2024 Regular Session of the Louisiana Legislature convened on Monday, March 11, 2024.
Final Adjournment will be no later than 6:00 pm on Monday, June 3, 2024.
Below is the list of bills LASERS is tracking and their current status in the legislative process.
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.
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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.
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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.
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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 25 years of service credit.
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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.
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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.
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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.
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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.
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Legislative Session Updates
House Retirement Meeting on Wednesday, May 1
April 26, 2024
HB 30 and HB 902 Remain in Committee
April 22, 2024
Senate Retirement Meeting on Tuesday, April 2
April 1, 2024
Senate Retirement Committee to Meet on Monday, March 18
March 15, 2024
LASERS Tracking Three Retirement Bills
March 7, 2024
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