2024 Louisiana Legislative Session

HB 782 Passed in the House

HB 782 by Rep. McFarland was amended and reported favorably in the House Appropriations Committee and passed on the House Floor this week. It now heads to the Senate for consideration.

HB 782 would make supplemental appropriations for Fiscal Year 2023-2024 and allocate an additional $9.9 million to LASERS to apply to the balance of the initial unfunded accrued liability (IUAL). The LASERS Board supports this bill.

HCR 20 on Senate Retirement Committee Agenda

The Senate Retirement Committee will discuss HCR 20 on Monday, April 29 at 10:00 a.m. HCR 20 by Rep. Johnson memorializes Congress to review and eliminate the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) by supporting H.R. 82 and S. 597 of the 118th Congress. Similar resolutions have passed in previous sessions. The LASERS Board supports HCR 20.

Learn more here.

House Retirement Meeting on Wednesday, May 1

The House Retirement Committee will consider HB 30 and HB 902 on Wednesday, May 1 at 9:30 a.m.

HB 30 by Rep. Bagley permits any rank-and-file member, regardless of age or first date of employment, to retire with 25 years of service credit. The LASERS Board is neutral on HB 30.

HB 902 by Rep. Melerine was amended by substitute in a previous committee meeting. The substitute bill would add new restrictions related to proxy voting on shareholder-sponsored proposals and add new duties and liability to proxy advisory firms working with Louisiana retirement systems. The LASERS Board opposes this bill.

For in-depth details of legislation and links to watch the meetings live, visit the Louisiana State Legislature website at legis.la.gov.

Please note that meeting schedules and agendas are subject to change.