Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee redirects $148.8 million surplus payment to State Police retirement, cites $25.5 million FY26 savings
Summary
Amendments to the supplemental appropriations bill direct the full constitutionally required surplus payment of $148.8 million to the Louisiana State Police retirement system rather than splitting it among four retirement systems, producing an estimated $25.5 million savings in fiscal 2026 that was reflected in the HB1 amendments.
The House Committee on Appropriations on amendments to the supplemental appropriations bill (House Bill 4 60) approved moving the entire constitutionally required payment of 25% of recognized surplus — $148,800,000 — to the Louisiana State Police retirement system instead of splitting the payment among the state’s four retirement systems.
Committee staff said using the full payment for the State Police retirement system produces an actuarial…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
