HLS 15RS-1332 ORIGINAL
2015 Regular Session
HOUSE STUDY REQUEST NO. 1
BY REPRESENTATIVES HARRISON AND PEARSON
RETIREMENT/FUNDING: Requests the House Committee on Retirement to meet and
study the process of funding retirement benefits for elementary and secondary
education employees and to investigate potential improvements to such process
1 A STUDY REQUEST
2To the House Committee on Retirement to study the process of funding retirement benefits
3 for elementary and secondary education employees and to investigate potential
4 improvements to such process and to report its findings to the House of
5 Representatives prior to the convening of the 2016 Regular Session of the
6 Legislature of Louisiana.
7 WHEREAS, the State Board of Elementary and Secondary Education is responsible
8for developing the minimum foundation program formula and for allocating the monies
9appropriated each year pursuant to such formula in order to provide a minimum funding
10level for elementary and secondary public education; and
11 WHEREAS, retirement costs are a component part of education funding, including
12amounts intended to liquidate the Initial Unfunded Accrued Liability of the Teachers'
13Retirement System of Louisiana; and with the expansion of charter schools which do not
14have to participate in the Teachers' Retirement System, the full amount of Initial Unfunded
15Accrued Liability payments must be borne by traditional public schools; and
16 WHEREAS, there may be a more effective mechanism for funding some or all
17retirement costs associated with elementary and secondary education.
18 THEREFORE, the House of Representatives of the Legislature of Louisiana requests
19the House Committee on Retirement to study the process of funding retirement benefits for
20elementary and secondary education employees and to investigate potential improvements
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HSR NO. 1
1to such process and to report its findings to the House of Representatives prior to the
2convening of the 2016 Regular Session of the Legislature of Louisiana.
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HSR 1 Original 2015 Regular Session Harrison
Requests the House Committee on Retirement to study the process of funding retirement
benefits for elementary and secondary education employees and to investigate potential
improvements to such process and to report its findings to the House of Representatives prior
to the 2016 R. S.
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