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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.
Who are my legislators? Louisiana State Legislature - Bill Search
While most of the focus of the 2015 Legislative Session, which concluded on June 11th was on the budget, LSERS was focused on all bills which would have impacted the system and its members.
There were four main bills which the LSERS Board and staff tracked closely during this session and in the end only one, the COLA bill, gained final passage in both houses of the legislature. However, the bill was vetoed by the Governor.
House Bill 42 by Rep. Jones authorized a COLA for eligible retirees of the four state retirement systems to be paid out of their respective experience account.
Other bills which didn’t make it through the process this year include:
Senate Bill 16 by Chairman Guillory would have provided 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. We anticipate seeing this bill filed again in 2016.
Senate Bill 14 by Chairman Guillory would have required payment of administrative expenses annually rather than amortization of such costs. The Board took a Neutral position on this bill. However, it stalled out in the Senate Committee on Retirement as it was voluntarily deferred by Chairman Guillory.
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. This bill 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. We have already met with the School Boards Association representative to begin working through the process.
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 Email Subscription Sign-up 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 firstname.lastname@example.org) or Carolyn N. Forbes, LSERS Assistant Director, at 225.925.6490 (email at email@example.com) or 1.800.256.3718 (if outside the Baton Rouge area).