The original instrument was prepared by Margaret M. Corley. The following
digest, which does not constitute a part of the legislative instrument, was prepared
by Cathy R. Wells.
DIGEST
Guillory (SB 16)
Present law, relative to the Louisiana State Police Retirement System (Troopers), provides for the
accumulation of certain system funds in an "experience account". Provides for utilization of these
funds for benefit increases, commonly called "cost-of-living adjustments" (COLAs), for retirees,
survivors, and beneficiaries of the system. Provides for determination of eligibility for and the
amount of an increase paid with these funds.
Present law provides for notification of the legislature by the Troopers' board of trustees that the
conditions for granting a COLA contained in present law have been met.
Present law requires the legislature to approve any COLA.
Proposed law retains present law and approves a COLA to be paid July 1, 2014, pursuant to the
provisions of present law.
Proposed law states that if any of the instruments which originated as Senate Bill No. 18, Senate
Bill No. 19, Senate Bill No. 21, or House Bill No. 1225 of the 2014 Regular Session of the
Legislature does not become effective, then proposed law shall be null and void and of no effect.
These bills are for the retirees of the Louisiana State Employees' Retirement System, Louisiana
School Employees' Retirement System, and Teachers' Retirement System of Louisiana.
Effective June 30, 2014.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Retirement to the original
bill
1. Makes the COLA for the Troopers effective only if the COLA for the other three
state retirement systems are effective. The three other state retirement systems are
Louisiana State Employees' Retirement System, Teachers' Retirement System of
Louisiana, and School Employees' Retirement System of Louisiana.
Senate Floor Amendments to engrossed bill
1. Adds House Bill No. 1225 to list of legislative instruments that must be enacted in order for the provisions of Senate Bill No.16 to become effective.