SLS 19RS-179 ORIGINAL
2019 Regular Session
SENATE BILL NO. 17
BY SENATOR PETERSON
Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana.
RETIREMENT SYSTEMS. Provides relative to funding of retirement systems. (6/30/19)
1 AN ACT
2 To amend and reenact R.S. 11:82(A)(1), 1481(1)(a)(i), 1561(A), 1695(A)(2), 2135(C)(1),
3 and 2174(A) and to enact R.S. 11:82(C), relative to ad valorem tax contributions
4 made to statewide retirement systems; to provide relative to tax revenue dedicated
5 to specific purposes in the city of New Orleans; to provide for an effective date; and
6 to provide for related matters.
7 Notice of intention to introduce this Act has been published.
8 Be it enacted by the Legislature of Louisiana:
9 Section 1. R.S. 11:82(A)(1), 1481(1)(a)(i), 1561(A), 1695(A)(2), 2135(C)(1), and
10 2174(A) are hereby amended and reenacted and R.S. 11:82(C) is hereby enacted to read as
11 follows:
12 §82. Ad valorem tax contributions established
13 A. Ad valorem tax contributions to state and statewide public retirement
14 systems shall be as follows:
15 (1) Assessors' Retirement Fund. Dedicated funds are .25% (1% for Orleans
16 Parish) of aggregate taxes shown to be collectible by the tax rolls of each parish.
17 * * *
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1 (C) Aggregate taxes shown to be collectible in the city of New Orleans
2 shall not include any tax dedicated to a specific purpose stated in the
3 proposition authorizing the tax.
4 * * *
5 §1481. Financing of fund; deductions; deficiencies and surpluses; remedies
6 The fund shall be financed as set forth hereunder:
7 (1)(a)(i) Each sheriff and ex officio tax collector of the state of Louisiana, or
8 other official responsible for such tax collection, is hereby authorized and required
9 to deduct one-fourth of one percent of taxes shown to be collectible by the tax rolls,
10 including that shown on the tax rolls to be exempted by virtue of the homestead
11 exemptions of each respective parish, and the city tax collector for the city of New
12 Orleans, or other official responsible for such tax collection, is hereby authorized and
13 required to deduct one-fourth of one percent of taxes shown to be collectible by the
14 tax rolls, including that shown on the tax roll to be exempted by virtue of homestead
15 exemptions, for the city of New Orleans and the parish of Orleans which money each
16 respective sheriff, tax collector, or any other person performing said duties shall
17 remit to the Assessors' Retirement Fund in a lump sum from first tax collections each
18 year or periodically at the same time said sheriff and tax collector shall disburse
19 funds to the tax recipient bodies of his respective parish. The amount remitted to the
20 Assessors' Retirement Fund shall be based on the total amount of taxes shown to be
21 collectible on the roll, including that shown on the tax roll to be exempted by virtue
22 of homestead exemption, on the date the tax roll is filed for collection. Taxes shown
23 to be collectible by the tax rolls in the city of New Orleans shall not include any
24 tax dedicated to a specific purpose stated in the proposition authorizing the tax.
25 * * *
26 §1561. Dedication and payment of certain tax revenue
27 A. Each sheriff and ex officio tax collector or other person responsible for the
28 collection of taxes shown to be collectible on the tax rolls of each parish other than
29 Orleans shall deduct one-fourth of one percent of those taxes and shall remit the
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1 deducted amount to the Clerks' of Court Retirement and Relief Fund. The tax
2 collector or other person responsible for the collection of taxes shown to be
3 collectible by the tax rolls in Orleans Parish shall deduct one-half of one percent of
4 those taxes and shall remit the deducted amount to the Clerks' of Court Retirement
5 and Relief Fund. The monies shall be remitted periodically and at the same time that
6 each such official disburses funds to the tax recipient bodies of his respective parish.
7 Taxes shown to be collectible by the tax rolls in the city of New Orleans shall not
8 include any tax dedicated to a specific purpose stated in the proposition
9 authorizing the tax.
10 * * *
11 §1695. Pension Accumulation Fund; contributions to and payments from fund;
12 determination of normal and accrued liability contributions
13 A. The Pension Accumulation Fund shall be the fund in which shall be
14 accumulated all reserves for the payment of all pensions and other benefits payable
15 from contributions made by employers and each sheriff and ex officio tax collector
16 as provided for under Paragraphs (1), (2), and (3) of this Subsection and from which
17 shall be paid all pensions and other benefits on account of members with prior
18 service credit. Contributions to and payments from the Pension Accumulation Fund
19 shall be made as follows:
20 * * *
21 (2) Each sheriff and ex officio tax collector of the state shall deduct a
22 percentage as determined by the annual actuarial valuation, not to exceed twenty
23 percent of one percent of the aggregate amount of the tax shown to be collected by
24 the tax roll of each respective parish, which money each respective sheriff shall turn
25 over to the District Attorneys' Retirement System of Louisiana periodically at the
26 same time said sheriff disburses funds to the tax recipient bodies of his respective
27 parish. In the parish of Orleans the director of finance of the city of New Orleans
28 shall deduct a percentage as determined by the annual actuarial valuation, not to
29 exceed twenty percent of one percent of the aggregate amount of only those taxes
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1 collected by the city of New Orleans pursuant to the provisions of R.S. 47:1502.1
2 and shall turn such funds collected over to the District Attorneys' Retirement System
3 periodically at the same time that funds are disbursed to the tax recipient bodies in
4 the parish of Orleans. Aggregate taxes shown to be collectible in the city of New
5 Orleans shall not include any tax dedicated to a specific purpose stated in the
6 proposition authorizing the tax.
7 * * *
8 §2135. Pension accumulation fund; contributions to and payments from fund;
9 determination of normal and accrued liability contributions; remedies
10 * * *
11 C. Contributions to and payments from the pension accumulation fund shall
12 be made as follows:
13 (1) Each tax collector shall deduct one-sixteenth of one percent of the
14 aggregate amount of the tax shown to be collected by the tax roll of each respective
15 parish which money each tax collector shall turn over to the Registrars of Voters
16 Employees' Retirement System of Louisiana, created by this Chapter, periodically
17 at the same time he disburses funds to the tax recipient bodies of his respective
18 parish. Aggregate taxes shown to be collectible in the city of New Orleans shall
19 not include any tax dedicated to a specific purpose stated in the proposition
20 authorizing the tax.
21 * * *
22 §2174. Remittance of percentage of taxes collected to fund; membership; salary
23 deductions; deficiency in fund; credit
24 A. The Sheriffs' Pension and Relief Fund shall be composed as follows: Each
25 sheriff, except in the parish of Orleans, shall deduct annually one-half of one percent
26 of the aggregate amount of the taxes shown to be collectible by the tax rolls of his
27 parish and shall make remittance of such amounts direct to the treasurer of the board.
28 In the parish of Orleans, the state tax collector for the city of New Orleans shall
29 deduct annually one-half of one percent of the aggregate amount of taxes shown to
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1 be collectible by the tax rolls of Orleans Parish and shall make remittance of such
2 amounts to the treasurer of the board. The deductions directed to be made by the
3 state tax collector for the city of New Orleans under this Act shall begin with the
4 1961 tax rolls and shall be annually thereafter. Aggregate taxes shown to be
5 collectible in the city of New Orleans shall not include any tax dedicated to a
6 specific purpose stated in the proposition authorizing the tax.
7 * * *
8 Section 2. The calculation of taxes according to the provisions of this Act shall be
9 applied beginning with the 2019 actuarial valuation for each system affected herein.
10 Section 3. This Act shall become effective on June 30, 2019; if vetoed by the
11 governor and subsequently approved by the legislature, this Act shall become effective on
12 June 30, 2019, or on the day following such approval by the legislature, whichever is later.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Margaret M. Corley.
DIGEST
SB 17 Original 2019 Regular Session Peterson
Proposed law provides that the calculation of taxes according to the provisions of this Act
shall be applied beginning with the 2019 actuarial valuation for each system.
Present constitution requires the legislature to determine employee contributions, employer
contributions, and dedicated taxes required for the sound actuarial maintenance of the
statewide public retirement systems.
Present law establishes ad valorem tax contributions to be remitted to seven statewide
retirement systems as a percentage of aggregate taxes shown to be collectible by each parish.
Taxes from Orleans Parish are to be remitted to five systems in the following amounts:
(1) Assessors' Retirement Fund - 0.25%
(2)Clerks' of Court Retirement and Relief Fund - 0.5%
(3)Sheriffs' Pension and Relief Fund - 0.5%
(4)Registrars' of Voters Employees' Retirement System - 0.0625%
(5)District Attorneys' Retirement System - 0.2% of taxes collected pursuant to the
provisions of R.S. 47:1502.1
Proposed law limits the taxes on which the city of New Orleans is required to measure the
remittance due each system by specifying that aggregate taxes shown to be collectible in the
city of New Orleans shall not include any tax dedicated to a specific purpose stated in the
proposition authorizing the tax.
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Proposed law provides that the calculation of taxes according to the provisions of this Act
shall be applied beginning with the 2019 actuarial valuation for each system.
Effective June 30, 2019.
(Amends R.S. 11:82(A)(1), 1481(1)(a)(i), 1561(A), 1695(A)(2), 2135(C)(1), and 2174(A);
adds R.S. 11:82(C))
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.