Louisiana HB23 grants a cost-of-living adjustment to eligible retirees and beneficiaries of the Louisiana State Employees' Retirement System.
Louisiana HB23 enacts a cost-of-living adjustment (COLA) for eligible retirees and beneficiaries of the Louisiana State Employees' Retirement System (LASERS). The COLA is payable starting July 1, 2026, and is funded exclusively from LASERS's experience account. Eligible retirees must have received benefits for at least one year and attained age 60. The adjustment is limited to the first $80,000 of the annual benefit and is determined by the system's actuary, subject to legislative approval.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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