HB15 • 2026

RETIREMENT/ASSESSORS: Provides relative to the correction of administrative errors within the Assessors' Retirement Fund (EN NO IMPACT APV)

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Stephanie Berault
Last action: 2026-04-30
Official status: Signed by the Governor - Act 21
Effective date: Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Fixing Mistakes in the Assessors' Retirement Fund

This act allows for correcting mistakes made when paying out retirement benefits and requires interest to be paid if a mistake results in underpayment.

What This Bill Does

Creates rules for fixing errors that happen when paying out retirement benefits.
Requires the board of trustees to adjust payments to correct any overpayments or underpayments due to administrative errors.
Specifies that if there is an underpayment, interest must be added at the system's valuation rate.
Allows the board to recover overpaid amounts by reducing future benefit payments for a reasonable period.
Requires the board to notify recipients of overpayments and reductions in benefits at least 30 days before any changes.

Who It Names or Affects

People who receive retirement benefits from the Assessors' Retirement Fund.
The board of trustees managing the Assessors' Retirement Fund.

Terms To Know

Administrative error: A mistake made in the process of handling or calculating retirement benefits.
Board of Trustees: The group responsible for managing and overseeing the Assessors' Retirement Fund.

Limits and Unknowns

Does not specify how long it takes to correct an error.
Does not provide details on what happens if a recipient disagrees with the correction process.
Effective date is April 30, 2026.

Bill History

2026-04-30 H
Effective date: 04/30/2026.
2026-04-30 H
Signed by the Governor. Becomes Act No. 21.
2026-04-28 H
Sent to the Governor for executive approval.
2026-04-27 S
Signed by the President of the Senate.
2026-04-27 H
Enrolled and signed by the Speaker of the House.
2026-04-23 H
Received from the Senate without amendments.
2026-04-22 S
Read by title, passed by a vote of 37 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
2026-04-15 S
Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.
2026-04-14 S
Read by title and referred to the Legislative Bureau.
2026-04-13 S
Reported favorably.
2026-03-31 S
Read second time by title and referred to the Committee on Retirement.
2026-03-30 S
Received in the Senate. Read first time by title and placed on the Calendar for a second reading.
2026-03-26 H
Read third time by title, roll called on final passage, yeas 89, nays 0. Finally passed, title adopted, ordered to the Senate.
2026-03-25 H
Scheduled for floor debate on 03/26/2026.
2026-03-24 H
Read by title, ordered engrossed, passed to 3rd reading.
2026-03-23 H
Reported favorably (10-0).
2026-03-18 H
Read by title, under the rules, referred to the Committee on Retirement.
2026-03-17 H
Read by title. Lies over under the rules.
2026-01-23 H
First appeared in the Interim Calendar on 1/23/2026.
2026-01-20 H
Prefiled. To be introduced at a later date.

Official Summary Text

RETIREMENT/ASSESSORS: Provides relative to the correction of administrative errors within the Assessors' Retirement Fund (EN NO IMPACT APV)

Current Bill Text

Read the full stored bill text

ENROLLED
ACT No. 212026 Regular Session
HOUSE BILL NO. 15
BY REPRESENTATIVE BERAULT
1 AN ACT
2 To enact R.S. 11:1473, relative to the Assessors' Retirement Fund; to provide relative to
3 correction of administrative errors; to provide for calculation of interest; to provide
4 for an effective date; and to provide for related matters.
5 Notice of intention to introduce this Act has been published
6 as provided by Article X, Section 29(C) of the Constitution
7 of Louisiana.
8 Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 11:1473 is hereby enacted to read as follows:
10 §1473. Correction of administrative error
11 A. When an administrative error results in the overpayment or underpayment
12 of benefits, the board of trustees shall adjust the amount payable to the correct
13 amount and take all other actions necessary to correct the error.
14 B.(1) If an underpayment of benefits is due to an administrative error
15 committed by any person paid by the system to make the calculation, the correction
16 of such error pursuant to Subsection A of this Section shall include the payment of
17 interest at the system's valuation interest rate.
18 (2) If an overpayment of benefits occurs, the board shall recover the
19 overpayment within a reasonable number of months as determined by the board of
20 trustees. The board may reduce the corrected amount of the benefit to recover the
21 overpayment. The board shall notify the benefit recipient of the overpayment, the
22 amount owed, and the amount and duration of the reduction in the benefits at least
23 thirty days before the payment of the benefit subject to the reduction.
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
HB NO. 15 ENROLLED
1 Section 2. This Act shall become effective upon signature by the governor or, if not
2 signed by the governor, upon expiration of the time for bills to become law without signature
3 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
4 vetoed by the governor and subsequently approved by the legislature, this Act shall become
5 effective on the day following such approval.
SPEAKER OF THE HOUSE OF REPRESENTATIVES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED:
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.