Louisiana 2022 2022 Regular Session

Louisiana House Bill HB31 Comm Sub / Analysis

                    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, ยง10(D)(2)(g))