The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Margaret M. Corley.
DIGEST
Proposed law provides for the appointment of an actuary by the Louisiana State Police
Retirement System board of trustees.
Proposed law provides that the appointed actuary shall be a technical advisor to the board of
trustees regarding the operation of the plan and shall make a report to the board at least once
every five years as to the mortality, service, and compensation experience of the members and
beneficiaries of the retirement system.
Proposed law provides for the adoption of necessary tables and assumptions by the board of
trustees.
Proposed law provides that, unless otherwise stated, the interest shall be compounded at the rate
of 7.5% per annum and the annuity rates shall be determined on the basis of the RP-2000 Sex
Distinct Mortality Table.
Requires the board to promulgate rules and to disclose to members any changes in interest and
mortality rates contained in proposed law.
Effective June 30, 2013.
(Adds R.S. 11:1302.2)