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Committee backs constitutional amendment to apply state funds to teachers’ retirement debt
Summary
A House committee reported favorably on HB 473, a proposed constitutional amendment that would repeal certain state treasury funds and apply roughly $2 billion to the unfunded accrued liability of the Teachers' Retirement System of Louisiana (TRSL), enabling a statutory companion to pursue teacher pay increases.
Chairwoman Emerson’s committee voted to report HB 473 favorably, a joint resolution that would repeal specified state treasury funds and apply roughly $2,000,000,000 to reduce the unfunded accrued liability of the Teachers’ Retirement System of Louisiana (TRSL).
The measure, introduced as a constitutional amendment, would change multiple provisions in Article VII of the Louisiana Constitution and is scheduled to be submitted to voters on 11/03/2026, committee staff said. The committee’s fiscal/legal report noted the proposed measure "cannot be accomplished statutorily," meaning the change requires a constitutional amendment rather than ordinary statute.
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