The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Laura Gail Sullivan.
DIGEST
Proposed law authorizes the superintendent of state police to levy a transaction assessment on
each game authorized pursuant to present law, the Louisiana Gaming Control Law. Provides that
the assessment shall not exceed three cents per game or transaction. Specifies that the
assessment shall cease on the June 30th following adoption by the Public Retirement Systems'
Actuarial Committee of valuations for the four state systems determining the systems are at least
90% funded.
Proposed law dedicates proceeds of the authorized assessment to liquidating the unfunded
accrued liabilities and to funding benefit increases for retirees of the four state retirement
systems.
Effective June 30, 2014.