SB 85 — SHERIFFS: Provides for funding of certain insurance costs for retirees of the St. Charles Parish Sheriff's Office. (8/1/26)

SLS 26RS-100 REENGROSSED Regular Session ENROLLED SENATE BILL NO.

85 BY SENATOR MILLER SHERIFFS.AN ACT To enact R.S.

Provides for funding of certain insurance costs for retirees of the St.

Charles Parish Sheriff's Office.

(8/1/26) AN ACT To enact R.S.

to provide for the depositing of certainmonies into the fund;to provide for investment of monies in the fund;

to providefor investment of monies in the fund;

Charles Parish of the premium costs for eligible retiredsheriffs and retireddeputy sheriffsassheriffs as provided in R.S.

B.ThesheriffofSt.CharlesParishmaycontributetotheSCREIFathis Page 1 of 43 Coding:

SLS 26RS-100 REENGROSSED SB NO.

85 B.ThesheriffofSt.CharlesParishmaycontributetotheSCREIFathisENROLLED discretion.

(2) In the event that the total amount of monies derived from deposits providedprovidedinSubsectionBofthisSectionand ininvestmentearnings Subsection BofthisSectionandinvestmentearnings fall below the sum of four million dollars, no earnings shall be withdrawn, and any balance owed for the payment of insurance premium costs as required by R.S.

13:5554(O)orlegalrepresentationcostsfortheSCREIFBoard13:5554(O)orlegalrepresentationcostsfortheSCREIFBoardshallbepaidin shallbepaidin full from the sheriff's general fund.

Page(c)Oneactivedeputysheriffofthedepartment,appointedbythesheriff, 2who ofshall 4serve Coding:a term determined by the sheriff.

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SLS 26RS-100 REENGROSSED SB NO.

85 (c)Oneactivedeputysheriffofthedepartment,appointedbythesheriff,ENROLLED who(2) The members of the board shall serveelect a termchairperson determinedat byits first board meeting, which shall be held within thirty days after the sheriff.appointment of board members.

(2)PRESIDENT TheOF membersTHE ofSENATE theSPEAKER boardOF shallTHE electHOUSE aOF chairpersonREPRESENTATIVES atGOVERNOR itsOF firstTHE boardSTATE meeting,OF whichLOUISIANA shallAPPROVED: be held within thirty days after the appointment of board members.

ThePage original3 instrument and the following digest, which constitutes no part of the3 legislativeCoding: instrument, were prepared by Senate Legislative Services.

The keyword, summary, and digest do not constitute part of the law or proof or indicia of legislative intent.

[R.S.

1:13(B) and 24:177(E)] DIGEST SB 85 Reengrossed 2026 Regular Session Miller Present law applicable to the sheriff's office of St.

Charles Parish provides that premium costsofgrouphospital,surgical,andmedicalexpenseshallbepaidfromthesheriff'sgeneral fund for any sheriff or deputy sheriff who has retired from the St.

Charles Parish Sheriff's Office and have either:

(1) At least 15 years of service and have reached the age of 55.

(2) At least 20 years of service at anyage.

Proposed law retains present law and creates the St.

Charles Parish Retired Employees Insurance Fund (SCREIF) to fund the payment bythe St.

Charles Parish Sheriff's Office for thepremiumcostsofinsuranceforretiredsheriffsanddeputysheriffsasprovidedinpresent law.

Proposed law provides that the sheriff of St.

Charles Parish maycontribute to the SCREIF at his discretion.

Proposed law provides that the sheriff shall invest at least 25% in equities and 25% fixed incomeinvestments into theSCREIF,providedthataminimum of75%ofthefixedincome portion is rated as investment grade by a nationally recognized rating agency.

Proposed law provides that earnings realized from investments shall be available for the sheriff to withdraw for the purpose of paying the insurance premium costs, legal representationcosts for the SCREIF Board, or both, provided that no such earnings shall be withdrawn until the amount of principal and accumulated earnings in the SCREIF is equal tothesumof$4million.Providesthatifthedepositsandearningsoninvestmentsfallbelow $4 million, no earnings shall be withdrawn and any balance owed for the payment of insurance premium costs shall be paid in full from the sheriff's general fund.

Proposedlawrequiresanyfinancialauditbythesheriff'sofficetocomplywithallprovisions of proposed law.

Proposed law requires the sheriff to establish the SCREIF Board as a three-member investment advisory board consisting of three members as follows:

(1) The sheriff or his designee.

(2) One retired sheriff or retired deputy sheriff of the department, appointed by the sheriff, who shall serve a term determined bythe sheriff.

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Words which are struck through are deletions from existing law;

words in boldface type and underscored are additions.