Guillory (SB 16) Act No. 101
Prior law, relative to the Louisiana State Police Retirement System (Troopers), provided for
the accumulation of certain system funds in an "experience account". Provided for utilization
of these funds for benefit increases, commonly called "cost-of-living adjustments" (COLAs),
for retirees, survivors, and beneficiaries of the system. Provided for determination of
eligibility for and the amount of an increase paid with these funds.
Prior law provided for notification of the legislature by the Troopers' board of trustees that
the conditions for granting a COLA contained in prior law have been met.
Prior law required the legislature to approve any COLA.
New law retains prior law and approves a COLA to be paid July 1, 2014, pursuant to the
provisions of prior law.
New law states that if any of the instruments which originated as SB 18, SB 19, SB 21, or
HB 1225 of the 2014 RS does not become effective, then new law shall be null and void and
of no effect.
Effective June 30, 2014.