Louisiana SB20 amends employer contribution rates and eliminates certain actuarial gain amortization for the Louisiana School Employees' Retirement.
Louisiana SB20 modifies the calculation of employer contribution rates for the Louisiana School Employees' Retirement System (LSERS). It repeals provisions that credit and debit the account based on investment gains and losses. The bill also removes the account funding contribution rate applied to the oldest outstanding amortization base and eliminates the application of excess returns to the amortization base. This change affects the funding and benefit calculations for LSERS, impacting retirees and the state's financial obligations.
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