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As required by the Constitution the Louisiana Legislature holds a Legislative Session each year. It can also hold Special Legislative Sessions that are traditionally called by the Governor. LSERS is committed to providing information on legislation that affects the system and its members. Visit the Louisiana State Legislature website for more information on legislation.
2023 Regular Legislative Session |
The Regular Session of the Louisiana Legislature convenes at noon on Monday, 4/10/2023 and adjourns at 6 p.m. on Thursday, 6/8/2023. |
The following bills affecting LSERS and its members have been filed. For more information regarding each Bill, please click on the Bill number link below. |
| Bill Number | Author | Summary | Board Position |
|---|---|---|---|
| SB 18 | Senator Ed Price | The proposed bill would change the PBI funding mechanism and granting criteria. PBIs would be funded directly from Employer contributions with a 2.5% funding rate cap. The Legislature may grant up to a 2% PBI on the first $60,000 in benefits, when a retiree has attained age 62 and has received a benefit for at least two years. | Support |
| HB 47 | Representative Richard Nelson | Requires a minimum of 25% of all nonrecurring state revenues to be applied to the Unfunded Accrued Liability (UAL) of certain state retirement systems. | Support |
| HCR 67 | Representative Mike Johnson | Memorializes congress to review and eliminate the provisions of federal law which reduce Social Security benefits for persons receiving pension from federal, state, or local governments by supporting H.R. 82 and S. 597 of the 118th Congress. | Support |
| HCR 69 | Representative Mike Johnson | Requests the legislative committees on retirement to study and make recommendations on benefit options for future employees of the state of La. to avoid social security penalties under the Government Pension Offset and Windfall Elimination Program. | Neutral |
| HCR 70 | Representative Beau Beaullieu | Requests the state treasurer and the state and statewide retirement systems to report on investment advisors and companies used by the treasurer and the retirement systems respectively that discriminate against the fossil fuel industry through environmental, social, and governance policies; on their investment of funds using nonpecuniary factors; and on the asset allocation of all their investments prior to October 1, 2023. | Neutral |
| HCR 110 | Representative Blake Miguez | Requests the state treasurer and the state and statewide retirement systems to report on investment advisors and companies used by the treasurer and the retirement systems respectively that discriminate against the fossil fuel industry through environmental, social, and governance policies; on their investment of funds using nonpecuniary factors; and on the asset allocation of all their investments prior to October 1, 2023. | |
| SB 201 | Senator Sharon Hewitt | Provides for meetings of boards and commissions via electronic means. |
You can sign up to receive email updates about the bills affecting LSERS by entering your email address in the Email Subscription Sign-up box located at the bottom right side of this page.
You also may check the status of any of the bills listed simply by clicking on the bill’s name in the list above. That takes you to Louisiana Legislature’s website that lists the status of the bill, as well as other details about the bill.
Questions? Contact John W. Strange, Executive Counsel, by email jstrange@lsers.net or by telephone at 225.925.6484 or 1.800.256.3718 (if outside the Baton Rouge area).