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 7 Original 2025 Regular Session Dewitt
Abstract: Repeals the provision that prohibits the Firefighters' Retirement System (FRS) from
paying for cost-of-living increases from funds deposited in the system's funding deposit
account.
Present law provides for the creation and use of a funding deposit account for certain statewide
retirement systems including 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 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.
(Amends R.S. 11:107.1(D)(4)(a); Repeals R.S. 11:107.1(D)(4)(c))