Louisiana HB13 amends the amortization periods for changes, gains, and losses within the Louisiana State Police Retirement System.
Louisiana HB13 modifies the amortization periods for changes, gains, and losses within the Louisiana State Police Retirement System. It sets a 20-year amortization period for over or under payments starting with the June 30, 2027, actuarial valuation. The bill also mandates the consolidation of all existing amortization bases in the June 30, 2029, actuarial valuation, which will then be amortized with level-dollar payments over the 20-year period ending in 2049. Additionally, it establishes a 15-year amortization period for all changes, gains, or losses beginning in 2030.
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