LOCAL RETIREMENT: Provides for Lafayette Consolidated Government Employees. (8/1/24) (EN -$77,000 FC SG RV)

This bill allows the Lafayette Consolidated Government to choose how it handles payments for its employee retirement system. It gives the government two options: it can spread out payments for past certifications over a twenty-year period starting July 1, 2024, or it can set new certifications to be paid off over twenty years with monthly installments. These changes apply specifically to the city-parish consolidated government and its employees, aiming to adjust how retirement funds are amortized.