SB20 • 2026

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

Education 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 229
Effective date: Not listed

Plain English Breakdown

The official source material does not provide details on the specific changes to employer contribution calculations or whether there were public hearings.

School Employees Retirement Act

This act changes how employer contributions to the Louisiana School Employees' Retirement System are determined and removes certain sections of existing laws.

What This Bill Does

Amends and reenacts parts of R.S. 11:102(B)(1)(a) regarding employer contribution rates for fiscal year 1989-1990 onwards.
Repeals specific sections of the law (R.S. 11:102(E)(4), 102.3, and 1145.1).
Sets an effective date of May 15, 2026.

Who It Names or Affects

Employers who contribute to the Louisiana School Employees' Retirement System.
The retirement system itself.

Terms To Know

Amortization: The process of spreading out payments for a large expense over time.
Actuarial gains: Increases in value or benefits that occur unexpectedly and are related to the financial health of a retirement system.

Limits and Unknowns

The act does not specify how much money will be saved or gained by these changes.
It is unclear if there were any public hearings or debates about this bill before it was passed.

Bill History

2026-05-15 S
Effective date 5/15/2026.
2026-05-15 S
Signed by the Governor. Becomes Act No. 229.
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 93, nays 3. 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 (16-0). 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.
2026-03-24 S
Read by title, passed by a vote of 37 yeas and 0 nays, and sent to the House. Motion to reconsider tabled.
2026-03-17 S
Read by title. Ordered engrossed and passed to third reading and final passage.
2026-03-16 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

SCHOOL EMPLOYEES RET: 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. 20
BY SENATOR PRICE
1 AN ACT
2 To amend and reenact the introductory paragraph of R.S. 11:102(B)(1)(a) and to repeal R.S.
3 11:102(E)(4), 102.3, and 1145.1, relative to the Louisiana School Employees'
4 Retirement System; to provide relative to determination of employer contributions;
5 to provide relative to amortization of certain actuarial gains; to provide for an
6 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) is hereby amended
10 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 Section 2. R.S. 11:102(E)(4), 102.3, and 1145.1 are hereby repealed.
20 Section 3. This Act shall become effective upon signature by the governor or, if not
21 signed by the governor, upon expiration of the time for bills to become law without signature
22 by the governor, as provided in Article III, Section 18 of the Constitution of Louisiana. If
ACT No. 229
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. 20 ENROLLED
1 vetoed by the governor and subsequently approved by the legislature, this Act shall become
2 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.