Louisiana 2020 2020 Regular Session

Louisiana Senate Bill SB111 Comm Sub / Analysis

                    The original instrument and the following digest, which constitutes no part of the
legislative instrument, were prepared by Martha S. Hess.
DIGEST
SB 111 Engrossed	2020 Regular Session	Fields
Present law provides for the contents and format of the executive budget and the general
appropriation bill.
Proposed law retains present law and stipulates that the contributions towards the state public
retirement systems unfunded accrued liability existing as of June 30, 1988, shall be included in the
executive budget and as an exhibit to the general appropriation bill.
Effective July 1, 2020.
(Amends R.S. 39:36(A)(3)(b)(i)(ll) and 51(G))
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Finance to the original bill
1. Clarifies that the executive budget shall contain the contributions to the unfunded
accrued liability by agency of the state retirement systems existing as of June 30,
1988.
2. Provides that the contributions to the unfunded accrued liability of agencies to the
state retirement systems existing as of June 30, 1988 shall be included as an exhibit
to the general appropriation bill.