Louisiana SB10 amends employer contribution rates and eliminates amortization of actuarial gains for the State Police Retirement System.
Louisiana SB10 modifies the employer contribution rate calculation for the Louisiana State Police Retirement System. It removes the application of excess investment returns to the amortization base and eliminates the "priority amount" and "priority allocation" mechanisms. The bill also repeals provisions related to the funding contribution rate. These changes affect how employer contributions are determined and how actuarial gains are managed within the retirement system.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.