HB 13 — RETIREMENT/STATE POLICE: Provides relative to amortization bases within the Louisiana State Police Retirement System (EN SEE ACTUARIAL NOTE FC)

HLSENROLLED 26RS-423 ENGROSSED Regular Session HOUSE BILL NO.

13 BY REPRESENTATIVEREPRESENTATIVES MCMAKINMCMAKIN, RETIREMENT/STATEBAYHAM, POLICE:BILLINGS, WILFORD CARTER, ILLG, JACOB LANDRY, OWEN, SCHAMERHORN, AND THOMPSON AN ACT To amend and reenactR.S.

Provides relative to amortization bases within the Louisiana State Police Retirement System AN ACT To amend and reenactR.S.

* * * Page(c) 1Except ofas 5provided CODING:in R.S.

11:102.1 and 102.2 and Paragraph (F)(2) of thisSection,thatfiscalyear'spayment,computedasofthefirstofthatfiscalyearand projected to the middle of that fiscal year at the actuarially assumed interest rate, necessaryto amortizetheprioryear'soveror underpayment as a level dollar amount over a period of five years.

* * * Page 1 of 4 CODING:

HLS 26RS-423 ENGROSSED HB NO.

13 (c)ENROLLED F.(1)(a) Except as provided in Paragraph (2) of this Subsection and in R.S.

11:102.1 and 102.2 and Paragraph (F)(2) of thisSection,thatfiscalyear'spayment,computedasofthefirstofthatfiscalyearand projected to the middle of that fiscal year at the actuarially assumed interest rate, necessaryto amortizethe prior year's over or underpayment asaleveldollaramount over a period of five years.

* * * F.(1)(a) Except as provided in Paragraph (2) of this Subsection and in R.S.

(2)(a)(i) NotwithstandingtheprovisionsofParagraph(1)ofthisSubsection, effectivefortheJunethirtiethvaluationfollowingthefiscalyearinwhichthesystem firstattainsafundedpercentageofseventyormorepursuanttoR.S.11:1332andforfirstattainsafundedpercentageofseventyormorepursuantto everyyearthereafter,theR.S. amortization period for the changes, gains, or losses of the system provided in Items (B)(3)(d)(i) through (iv) of this Section occurring in that year or thereafter shall be twenty years from the year in which the change, gain, or loss occurred.

Page11:1332 2andfor everyyear thereafter,the amortization period for the changes, gains, or losses of 5the CODING:system provided in Items (B)(3)(d)(i) through (iv) of this Section occurring in that year or thereafter shall be twenty years from the year in which the change, gain, or loss occurred.

(ii) NotwithstandingtheprovisionsofSubparagraph(B)(3)(c)ofthisSection tothecontrary,theamortizationperiodfortheprioryear'soverorunderpaymentfor the June 30, 2027, 2028, and 2029, valuations shall be twenty years.

(b) Notwithstanding the provisions of Paragraph (1) of this Subsection or Subparagraph (a) of this Paragraph to the contrary, the amortization period for the changes, gains, or losses of the system provided in Subparagraphs (B)(3)(c) and (d) Page 2 of 4 CODING:

HLS 26RS-423 ENGROSSED HB NO.

13 (ii)ENROLLED NotwithstandingtheprovisionsofSubparagraph(B)(3)(c)ofthisSectionof tothecontrary,theamortizationperiodfortheprioryear'soverorunderpaymentforthis theSection Junewith 30,payments 2027,beginning 2028,July and1, 2029,2030, valuationsor thereafter shall be twentyfifteen years.years from the year in which the change, gain, or loss occurred.

(b) Notwithstanding the provisions of Paragraph (1) of this Subsection or Subparagraph (a) of this Paragraph to the contrary, the amortization period for the changes, gains, or losses of the system provided in Subparagraphs (B)(3)(c) and (d) of this Section with payments beginning July 1, 2030, or thereafter shall be fifteen years from the year in which the change, gain, or loss occurred.

(b) Notwithstanding any other provision of this Section to the contrary, effectivefortheJune30,effectivefortheJune30,2023,systemvaluationandbeginningJuly1,2024,forany 2023, system valuationandbeginningJuly1,2024,forany fiscal year in which the projected aggregate employer contribution rate decreases, the AFC rate shall increase by the lesser of one-half of the amount of the decrease in the projectedaggregateprojected aggregate employer contribution rate determined under this Section or the amount necessary for the AFC rate to equal two and one-half percent.

Page(4) 3Notwithstanding any other provision of 5this CODING:Section to the contrary, beginning with Fiscal Year 2027-2028, the required employer contribution rate for agivenyearshall not belessthanthe projectedemployer normal costdividedbythe projected payroll of the active members of the system for the fiscal year plus the AFC rate for that year.

* * * Page 3 of 4 CODING:

HLS 26RS-423 ENGROSSED HB NO.

13 (4)ENROLLED Notwithstanding§1332.1. any other provision of this Section to the contrary, beginning with Fiscal Year 2027-2028, the required employer contribution rate for agivenyearshall not belessthantheprojectedemployer normal cost dividedbythe projected payroll of the active members of the system for the fiscal year plus the AFC rate for that year.

* * * §1332.1.

11:102(F)(4)R.S.11:102(F)(3)thatwouldcausetheaccountbalanceto exceed thisreserveifdepositedinthis theaccountshallbeappliedasprovidedinR.S.11:102.4.reserveifdepositedintheaccountshallbeappliedasprovidedinR.S.

11:102.4.

The cost of this Act, if any, shall be funded with additional employer contributions in compliancewithcompliance with Article X, Section 29(F) of the Constitution of Louisiana.

If vetoed bythe governorand subsequentlyapprovedbythesubsequentlyapproved bythe legislature, this Act shall become effective on the dayfollowing such approval.

PageSPEAKER 4OF ofTHE 5HOUSE CODING:OF REPRESENTATIVES PRESIDENT OF THE SENATE GOVERNOR OF THE STATE OF LOUISIANA APPROVED:

Wordsinstruckthroughtypearedeletionsfromexistinglaw;wordsunderscoredPage are4 additions.of 4 CODING:

HLS 26RS-423 ENGROSSED HB NO.

13 DIGEST ThedigestprintedbelowwaspreparedbyHouseLegislative Services.

It constitutes nopart of the legislative instrument.

The keyword, one-liner, abstract, 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)] HB 13 Engrossed 2026 Regular Session McMakin Abstract:

Provides relative to the determination of employer contributions and amortization bases for the Louisiana State Police Retirement System.

Present law provides for determination of employer contributions for each state retirement system,includingtheLa.StatePoliceRetirementSystem (LSPRS).

Providesrelativetothe amortization of changes, gains, and losses of each system.

Proposed law retains present law.

Present law, relative to LSPRS, provides for a five-yearamortization period for anyover or under payment in the prior year.