2024 Louisiana Legislative Session

HB 30 and HB 902 Remain in Committee

The House Retirement Committee discussed HB 902 and HB 30 on Thursday, April 18.

HB 902 by Rep. Melerine was amended by substitute. 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 substitute bill did not advance out of committee.

HB 30 by Rep. Bagley also failed to advance and will remain in committee. The bill permits any rank-and-file member, regardless of age or first date of employment, to retire with 25 years of service credit.

Both bills are subject to be recalled at a later date.

House Appropriations Meeting on Tuesday, April 23

The House Appropriations Committee will consider HB 782 by Rep. McFarland on Tuesday, April 23 at 9:00 a.m. HB 782 would make supplemental appropriations for Fiscal Year 2023-2024 and allocate an additional $8.9 million to LASERS to apply to the balance of the initial unfunded accrued liability (IUAL). 

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.