SB 20

2026 Regular Session  ENROLLED
  ACT No. 229
 SENATE BILL NO. 20
 BY SENATOR PRICE
1AN ACT
2 To amend and reenact the introductory paragraph of R.S. 11:102(B)(1)(a) and to repeal R.S.
311:102(E)(4), 102.3, and 1145.1, relative to the Louisiana School Employees'
4Retirement System; to provide relative to determination of employer contributions;
5to provide relative to amortization of certain actuarial gains; to provide for an
6effective date; and to provide for related matters.
7Notice of intention to introduce this Act has been published.
8 Be it enacted by the Legislature of Louisiana:
9Section 1. The introductory paragraph of R.S. 11:102(B)(1)(a) is hereby amended
10 and reenacted to read as follows:
11§102. Employer contributions; determination; state systems
12*       *       *
13B.(1)(a) Except as provided in R.S. 11:102.1, 102.2, 102.3, 102.4, and 102.5
14and in Paragraph (5) of this Subsection, for each fiscal year, commencing with Fiscal
15Year 1989-1990, for each of the public retirement systems referenced in Subsection
16A of this Section, the legislature shall set the required employer contribution rate for
17each system or plan equal to the sum of the following:
18*       *       *
19Section 2. R.S. 11:102(E)(4), 102.3, and 1145.1 are hereby repealed.
20Section 3. This Act shall become effective upon signature by the governor or, if not
21 signed by the governor, upon expiration of the time for bills to become law without signature
22 by the governor, as provided in Article III, Section 18 of the Constitution of Louisiana. If
  Page 1 of 2
  Coding: Words which are struck through are deletions from existing law;
  words in boldface type and underscored are additions.
SB NO. 20  ENROLLED
1 vetoed by the governor and subsequently approved by the legislature, this Act shall become
2 effective on the day following such approval.
  PRESIDENT OF THE SENATE
  SPEAKER OF THE HOUSE OF REPRESENTATIVES
  GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
  Page 2 of 2
  Coding: Words which are struck through are deletions from existing law;
  words in boldface type and underscored are additions.