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Panel approves re-amortization bill to smooth State Police retirement employer rates

House Retirement Committee (Louisiana) · March 26, 2026

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Summary

The committee adopted amendments and reported HB 13, a bill that consolidates past debts/credits in the State Police Retirement System into a single 20-year amortization and sets a 15-year basis for future changes to reduce volatility in employer contribution rates.

A representative filling in for his mentee presented HB 13, a re-amortization bill for the Louisiana State Police Retirement System intended to consolidate multiple amortization bases into a single 20-year payment and change future amortization to a 15-year basis. Margaret Michel, executive director of the State Police Retirement System, told members the measure repackages debt and credits to create more predictability in the employer rate and times the packaging to blunt a scheduled rate increase in 2029.

Committee staff offered several technical amendments (including effective-date changes and actuarial fixes) that were adopted. Representative Veil moved to adopt the amendments and the committee reported HB 13 as amended without objection.