HLS 22RS-276 ORIGINAL 2022 Regular Session HOUSE BILL NO. 31 BY REPRESENTATIVE TARVER RETIREMENT/STATE SYSTEMS: (Constitutional Amendment) Dedicates a certain amount of state nonrecurring revenue to state retirement systems for supplemental benefit payments 1 A JOINT RESOLUTION 2Proposing to add Article VII, Section 10(D)(2)(g) of the Constitution of Louisiana, to 3 require the use of nonrecurring revenue to make supplemental benefit payments to 4 retirees, beneficiaries, or survivors of state retirement systems; to provide for the 5 amount of such lump sum payments; to provide for submission of the proposed 6 amendment to the electors; and to provide for related matters. 7 Notice of intention to introduce this Act has been published 8 as provided by Article III, Section 13 and Article X, Section 9 29(C) of the Constitution of Louisiana. 10 Section 1. Be it resolved by the Legislature of Louisiana, two-thirds of the members 11elected to each house concurring, that there shall be submitted to the electors of the state of 12Louisiana, for their approval or rejection in the manner provided by law, a proposal to add 13Article VII, Section 10(D)(2)(g) of the Constitution of Louisiana, to read as follows: 14 §10. Expenditure of State Funds 15 * * * 16 (D) Appropriations. 17 * * * Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 22RS-276 ORIGINAL HB NO. 31 1 (2) Except as otherwise provided in this constitution, the appropriation or 2 allocation of any money designated in the official forecast as nonrecurring shall be 3 made only for the following purposes: 4 * * * 5 (g) For Fiscal Year 2023-2024 and each fiscal year thereafter, the legislature 6 shall appropriate to the state retirement systems a total of either fifty million dollars 7 or the balance of nonrecurring funds after allocations are made pursuant to 8 Subsubparagraphs (b) and (d) of this Paragraph, whichever is less. The funds shall 9 be used to make nonrecurring lump sum payments to eligible recipients. The amount 10 of the payment shall be calculated by dividing the total appropriated amount by the 11 total number of eligible recipients. For the purposes of this Subsubparagraph, the 12 term "eligible recipients" means retirees, beneficiaries, and survivors who were 13 receiving benefits from the system as of June 30 of the prior fiscal year. The 14 legislature may provide by law for certification to the legislature of the number of 15 eligible recipients there are in each system and the total number of eligible recipients 16 pursuant to the provisions of this Subsubparagraph. 17 * * * 18 Section 2. Be it further resolved that this proposed amendment shall be submitted 19to the electors of the state of Louisiana at the statewide election to be held on November 8, 202022. 21 Section 3. Be it further resolved that on the official ballot to be used at the election, 22there shall be printed a proposition, upon which the electors of the state shall be permitted 23to vote YES or NO, to amend the Constitution of Louisiana, which proposition shall read as 24follows: 25 Do you support an amendment to require that some nonrecurring state 26 revenue be used to pay supplemental retirement benefits to retired state 27 government and school board employees and their beneficiaries and 28 survivors? (Adds Article VII, Section 10(D)(2)(g)) Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 22RS-276 ORIGINAL HB NO. 31 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)] HB 31 Original 2022 Regular Session Tarver Abstract: Requires the use of nonrecurring state revenue for supplemental benefit payments to retirees, beneficiaries, and survivors of the four state retirement systems. Present constitution limits the ability of the legislature to spend state nonrecurring revenue to particular items. Proposed constitutional amendment retains present constitution. Proposed constitutional amendment requires that some nonrecurring revenue be paid to retirees, beneficiaries, and survivors receiving a benefit, from the four state retirement systems: La. State Employees' Retirement System, Teachers' Retirement System of La., La. School Employees' Retirement System, and the La. State Police Retirement System. Proposed constitutional amendment provides that the amount to be used for such supplemental retirement benefits is the lesser of $50 million or the balance of nonrecurring revenue after allocations are made for payments against retirement system liabilities and for the Budget Stabilization Fund. Proposed constitutional amendment provides the retiree, beneficiary, or survivor must have been receiving a benefit by June 30 of the previous fiscal year in order to be eligible for the lump sum payment. Provides for submission of the proposed amendment to the voters at the statewide election to be held November 8, 2022. (Adds Cont. Art. VII, §10(D)(2)(g)) Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.