Amends Louisiana Constitution to allow nonrecurring state funds to be applied to any unfunded accrued liability, not just the oldest.
The bill proposes a constitutional amendment to change how nonrecurring state funds are applied to state retirement system unfunded accrued liabilities. Currently, these funds must be applied to the oldest unfunded accrued liability. The amendment would allow these funds to be applied to any unfunded accrued liability, giving retirement systems more flexibility. The amendment will be submitted to voters in the November 3, 2026, statewide election.
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- Core Provisions
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- Impact
- Legal Framework
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