HLS 25RS-263 ORIGINAL 2025 Regular Session HOUSE BILL NO. 18 BY REPRESENTATIVE KERNER Prefiled pursuant to Article III, Section 2(A)(4)(b)(i) of the Constitution of Louisiana. RETIREMENT/FIREFIGHTERS: Provides relative to the funding of supplemental benefits for members of the Firefighters' Retirement System 1 AN ACT 2To amend and reenact R.S. 11:107.1(D)(4)(a), to enact R.S. 11:2256.4, and to repeal R.S. 3 11:107.1(D)(4)(c), relative to the Firefighters' Retirement System; to provide relative 4 to the system's funding deposit account; to remove the prohibition on payment of 5 cost-of-living increases from the funding deposit account; to provide with respect to 6 a nonrecurring lump-sum supplemental payment to certain retirees and beneficiaries; 7 to provide for eligibility and calculation of such payment; to provide for an effective 8 date; and to provide for related matters. 9 Notice of intention to introduce this Act has been published 10 as provided by Article X, Section 29(C) of the Constitution 11 of Louisiana. 12Be it enacted by the Legislature of Louisiana: 13 Section 1. R.S. 11:107.1(D)(4)(a) is hereby amended and reenacted to read as 14follows: 15 §107.1. Funding deposit account 16 * * * 17 D. 18 * * * Page 1 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 25RS-263 ORIGINAL HB NO. 18 1 (4)(a) Except as provided in Subparagraph (c) of this Paragraph, to To 2 provide for cost-of-living increases, in accordance with applicable law. 3 * * * 4 Section 2. R.S. 11:2256.4 is hereby enacted to read as follows: 5 §2256.4. Nonrecurring lump-sum supplemental payment in 2025 6 A. A nonrecurring lump-sum supplemental payment shall be paid to the 7 following retirees and beneficiaries: 8 (1) Any retiree who has received a benefit for at least one year on June 30, 9 2025. 10 (2) Any nonretiree beneficiary if the retiree or beneficiary or both combined 11 have received a benefit for at least one year on June 30, 2025. 12 B. The supplemental payment paid pursuant to the provisions of this Section 13 shall be paid no later than August 1, 2025. 14 C. Each retiree or beneficiary to whom this Section applies shall receive a 15 nonrecurring lump-sum supplemental payment in the amount of two thousand 16 dollars. 17 Section 3. R.S. 11:107.1(D)(4)(c) is hereby repealed in its entirety. 18 Section 4. The cost of this Act shall be funded with monies from the system's 19funding deposit account. Any additional cost shall be funded with additional employer 20contributions. 21 Section 5. This Act shall become effective upon signature by the governor or, if not 22signed by the governor, upon expiration of the time for bills to become law without signature 23by the governor, as provided by Article III, Section 18 of the Constitution of Louisiana. If 24vetoed by the governor and subsequently approved by the legislature, this Act shall become 25effective on the day following such approval. Page 2 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 25RS-263 ORIGINAL HB NO. 18 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 18 Original 2025 Regular Session Kerner Abstract: Grants a nonrecurring lump-sum payment to certain retirees and beneficiaries of the Firefighters' Retirement System and removes the prohibition on payment of cost- of-living increases from the funding deposit account. Present law provides for the creation and use of a funding deposit account for certain statewide retirement systems including the Firefighters' Retirement System (FRS). Present law provides funds deposited into the funding deposit account may be used for any of the following: (1)Reduce the system's unfunded accrued liability. (2)Reduce future employer contributions. (3)Reduce the present value of future normal costs. (4)Pay for cost-of-living increases. Proposed law retains present law. Present law prohibits FRS from paying cost-of-living increases from funds deposited into the funding deposit account. Proposed law repeals present law. Proposed law grants a nonrecurring lump-sum supplemental payment to the following FRS retirees and beneficiaries: (1)Any retiree or disability retiree who has received a benefit for at least one year on June 30, 2025. (2)Any nonretiree beneficiary, if benefits were paid to the beneficiary and/or the retiree for at least one year on June 30, 2025. Proposed law provides that each FRS retiree and beneficiary for whom proposed law applies shall receive the supplemental payment in the amount of $2,000. Proposed law requires the monies be paid from the system's funding deposit account. Provides any additional cost of proposed law be funded with additional employer contributions. Effective upon signature of the governor or lapse of time for gubernatorial action. (Amends R.S. 11:107.1(D)(4)(a); Adds R.S. 11:2256.4; Repeals R.S. 11:107.1(D)(4)(c)) Page 3 of 3 CODING: Words in struck through type are deletions from existing law; words underscored are additions.