SB10 • 2026

STATE POLICE RETIREMENT: Provides relative to the determination of employer contributions and amortization of certain actuarial gains. (gov sig) (EN SEE ACTUARIAL NOTE FC)

Labor

Enacted

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

Sponsor: Ed Price
Last action: 2026-05-15
Official status: Signed by the Governor - Act 222
Effective date: Not listed

Plain English Breakdown

The official source material does not provide specific information about the impact on retirees or the extent of changes to employer contributions.

Louisiana State Police Retirement System Changes

This act modifies the determination of employer contributions for the Louisiana State Police Retirement System and removes certain sections of the current law.

What This Bill Does

Modifies how employer contribution rates are set for the public retirement systems, starting from fiscal year 1989-1990.
Updates rules about credits to a permanent benefit increase funding account to prevent excess balances.
Removes specific sections of existing law related to employer contributions and amortization.

Who It Names or Affects

Employers contributing to the Louisiana State Police Retirement System

Terms To Know

Amortization: The process of spreading out payments for a debt or expense over time.
Actuarial gains: Increases in the value of an insurance fund due to better-than-expected financial results.

Limits and Unknowns

Does not specify how much employer contributions will change.
The exact impact on retirees is unclear without further details.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Senate Floor Amendment #1156 Price Adopted

Adopted

Plain English: SFASB10 4226 1156 SENATE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Senator Price to Engrossed Senate Bill No.

SFASB10 4226 1156 SENATE FLOOR AMENDMENTS 2026 Regular Session Amendments proposed by Senator Price to Engrossed Senate Bill No.
10 by Senator Price 1 AMENDMENT NO.
1 2 On page 1, line 2, after "R.S.
11:102(B)(1)(a)" insert ", and 1332.1(B)(1)(d)," 3 AMENDMENT NO.

Bill History

2026-05-15 S
Effective date 5/15/2026.
2026-05-15 S
Signed by the Governor. Becomes Act No. 222.
2026-05-14 S
Sent to the Governor by the Secretary of the Senate.
2026-05-13 H
Signed by the Speaker of the House.
2026-05-13 S
Enrolled. Signed by the President of the Senate.
2026-05-12 S
Received from the House without amendments.
2026-05-12 H
Read third time by title, roll called on final passage, yeas 95, nays 0. Finally passed, ordered to the Senate.
2026-05-11 H
Scheduled for floor debate on 05/12/2026.
2026-05-07 H
Read by title, passed to 3rd reading.
2026-05-06 H
Reported without Legislative Bureau amendments.
2026-05-05 H
Reported favorably (15-0). Referred to the Legislative Bureau.
2026-03-25 H
Read by title, under the rules, referred to the Committee on Retirement.
2026-03-24 H
Received in the House from the Senate, read by title, lies over under the rules.
2026-03-23 S
Senate floor amendments read and adopted. Read by title and passed by a vote of 35 yeas and 1 nays; ordered reengrossed and sent to the House. Motion to reconsider tabled.
2026-03-11 S
Read by title. Ordered engrossed and passed to third reading and final passage.
2026-03-10 S
Reported favorably.
2026-03-09 S
Introduced in the Senate; read by title. Rules suspended. Read second time and referred to the Committee on Retirement.
2026-01-23 S
Prefiled and under the rules provisionally referred to the Committee on Retirement.

Official Summary Text

STATE POLICE RETIREMENT: Provides relative to the determination of employer contributions and amortization of certain actuarial gains. (gov sig) (EN SEE ACTUARIAL NOTE FC)

Current Bill Text

Read the full stored bill text

2026 Regular Session ENROLLED
SENATE BILL NO. 10
BY SENATOR PRICE AND REPRESENTATIVE BACALA
1 AN ACT
2 To amend and reenact the introductory paragraph of R.S. 11:102(B)(1)(a), and
3 1332.1(B)(1)(d), and to repeal R.S. 11:102(F)(3), 102.4, and 1332, relative to the
4 Louisiana State Police Retirement System; to provide relative to determination of
5 employer contributions; to provide relative to amortization of certain actuarial gains;
6 to provide for an effective date; and to provide for related matters.
7 Notice of intention to introduce this Act has been published.
8 Be it enacted by the Legislature of Louisiana:
9 Section 1. The introductory paragraph of R.S. 11:102(B)(1)(a), and 1332.1(B)(1)(d)
10 are hereby amended and reenacted to read as follows:
11 §102. Employer contributions; determination; state systems
12 * * *
13 B.(1)(a) Except as provided in R.S. 11:102.1, 102.2, 102.3, 102.4, and 102.5
14 and in Paragraph (5) of this Subsection, for each fiscal year, commencing with Fiscal
15 Year 1989-1990, for each of the public retirement systems referenced in Subsection
16 A of this Section, the legislature shall set the required employer contribution rate for
17 each system or plan equal to the sum of the following:
18 * * *
19 §1332.1. Permanent benefit increase funding account
20 * * *
21 B.(1) The PBI account shall be credited as follows:
22 * * *
23 (d) In no event shall a credit be made to the PBI account that would cause the
24 balance in the account to exceed the reserve necessary to grant two permanent
25 benefit increases of two percent and two supplemental permanent benefit increases
26 of two percent in accordance with the provisions of this Section. Any contributions
27 received from payment of the account funding contribution rate in compliance with
ACT No. 222
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. 10 ENROLLED
1 R.S. 11:102(F)(4) that would cause the account balance to exceed this reserve if
2 deposited in the account shall be applied as provided in R.S. 11:102.4 shall be
3 amortized based on the amortization period specified in R.S. 11:102(F)(2).
4 * * *
5 Section 2. R.S. 11:102(F)(3), 102.4, and 1332 are hereby repealed.
6 Section 3. This Act shall become effective upon signature by the governor or, if not
7 signed by the governor, upon expiration of the time for bills to become law without signature
8 by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If
9 vetoed by the governor and subsequently approved by the legislature, this Act shall become
10 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.