Louisiana SB21 amends the Louisiana State Employees' Retirement System's payment and amortization rules.
Louisiana SB21 amends the Louisiana State Employees' Retirement System's payment and amortization rules. It modifies the calculation of employer contributions and minimum employer contribution rates. The bill repeals provisions related to the amortization of the unfunded accrued liability and the treatment of contribution variances. It also changes the calculation of the secondary priority amount and residual priority amount. The changes are effective upon the governor's signature or lapse of time for gubernatorial action.
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