Louisiana HB26 amends the Municipal Police Employees' Retirement System to increase the employee reduction threshold for partial dissolution of a.
Louisiana HB26 modifies the Municipal Police Employees' Retirement System by raising the threshold for partial dissolution of a police department from 50 to 100 participating employees. This change affects employers within the system, requiring them to make unfunded accrued liability payments if their department reduces by 100 or more employees. The bill aims to adjust the conditions under which a police department is considered partially dissolved, impacting the financial obligations of participating employers.
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