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As required by the Constitution the Louisiana Legislature holds a Legislative Session each year. They 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.  

The 2015 Regular Legislative Session convenes at noon on Monday, April 13, 2015, and must adjourn by 6:00 p.m. on Monday June 11, 2015. Please refer to the 2015 Regular Session Bulletin for more information.

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The 2015 Regular Legislative Session is in full swing.  While most of the focus of this session remains on how the budget will come together, LSERS is closely monitoring all bills which would affect the system and its members (active and retirees).

The Board of Trustees met on April 14th and took official positions on two of the four bills which affect our system.  At that time, the Board decided not to take positions on two bills as drafted but rather to monitor their status and revisit taking a position at the board meeting on Monday, May 19th.   

  • Senate Bill 16 by Chairman Guillory provides clarification of administration and actuarial implications of the elements of ACT 399 of the 2014 Session (COLA reform). The Board voted to Support this bill and it is making its way through the process seamlessly.   The bill has been approved by the Senate Committee on Retirement, the full Senate and the House Committee on Retirement. It is pending House Final Passage. 

  • Senate Bill 14 by Chairman Guillory requires payment of administrative expenses annually rather than amortization of such costs. The Board took a Neutral position on this bill and it looks to have stalled out in the Senate Committee on Retirement as it was voluntarily deferred by Chairman Guillory on April 20, 2015 and has not been rescheduled. 

  • House Bill 11 by Rep. Price would have provided exceptions to the required payment of unfunded accrued liability resulting from privatization of positions.  The Board took No Position on this bill.  Instead, the Board instructed LSERS staff to work with the author on some language which may be acceptable.  The bill was voluntarily deferred by Rep. Price during a hearing in the House Committee on Retirement on April 30, 2015.  This bill has now evolved into House Concurrent Resolution 130 by Rep. Price which requests LSERS and the Louisiana School Boards Association to develop and implement an appeals process for audits of privatized positions.  LSERS welcomes the opportunity to work with the School Boards Association to formalize an appeals process.

  • House Bill 42 by Rep. Jones authorizes a maximum 1.5% COLA for eligible retirees to be paid out of the experience account.  The Board took No Position on this bill and again instructed staff to work with the author to determine the best possible result for our system and retirees.  This bill was first heard in the House Committee on Retirement on April 30, 2015, where it failed with a vote of 6 – 6.  However, Rep. Jones took to the floor of the House on the evening of May 6th wherein he urged the body force the committee to report the bill by May 14th.  The body voted in favor of this motion with a vote of 65 – 25.  On May 14, 2015 the House Committee on Retirement met and reported the bill unfavorably with no objections.   During its meeting on May 18, 2015, the board passed a motion to request the COLA amount be adjusted to 2% for retirees of LSERS if this COLA reaches final passage as LSERS has reached a level of funding allowing for a 2% COLA to be granted in 2016 based upon ACT 399 of 2014 and the funds to pay for such COLA have been placed into the experience account. 

You can sign up for updated information relative to the bills affecting LSERS and positions of the board by entering your email address in the

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box located in the bottom right side of LSERS Website page. 

The description of the affect of legislation on LSERS and its members is subject to the interpretation by the Attorney General's Office, as well as the courts. Members should contact their own attorney and seek advice before relying on legislation affecting their membership. 

Questions?  Contact Lauren Bailey, Executive Counsel, at 225.925.6560 (email to lbailey@lsers.net) or Carolyn N. Forbes, LSERS Assistant Director, at 225.925.6490 (email at cforbes@lsers.net) or 1.800.256.3718 (if outside the Baton Rouge area).