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The Senate Retirement Committee is scheduled to meet on Monday, March 18 at 1:00 p.m. Two bills that would impact LASERS, if passed, are on the agenda.
SB 1 by Sen. Price specifies, that for transfers between systems, “employer contributions” are defined as only those employer contributions that are actuarially required. The LASERS Board is neutral on this bill.
SB 5 by Sen. Miguez requires fiduciaries for public retirement systems to make investment decisions based solely on financial factors. The LASERS Board has not yet taken a position on this bill.
The Louisiana State Legislature website provides in-depth details on legislation, meeting schedules, and links to watch committee meetings live.
Please note that meeting schedules and agendas are subject to change.
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