RETIREMENT/STATEWIDE SYS: Provides relative to the Municipal Police Employees Retirement System and the Firefighters' Retirement System (EN SEE ACTUARIAL NOTE FC)

Updated statutory citations in the act's preamble and Section 1 to include subsections (B) and the introductory paragraph of (D), ensuring the amendment covers all relevant dissolution and liability rules.

Added a header identifying the document as Senate Floor Amendments proposed by Senator Price to clarify the legislative history and context.

Corrected line numbering and formatting in the amendment instructions to align with the specific page and line locations of the text changes.

Deleted a clause that prevented the collection of payments for partial dissolutions occurring before July 1, 2018, thereby requiring those employers to pay their outstanding liabilities.

Updated the start date for amortizing unfunded liability payments to allow for a one-year delay if the actuary's determination occurs on or after June 30, 2024.

Consolidated and reorganized the text to remove redundant definitions and formatting inconsistencies found in the enrolled version.

The deadline for collecting unpaid employer contributions was extended from July 1, 2018 to July 1, 2025, allowing employers more time before penalties apply.

A new section was added to define the 'pension accumulation fund' as the specific account where employer contributions and reserves for police and firefighter pensions are held.

New procedures were established for recovering delinquent payments, including the state treasurer's authority to deduct unpaid amounts from a municipality's available funds.

The document was updated to include a notice of intention to introduce the act and changed the page count from 9 to 7.

Corrected the effective date for the partial dissolution exemption from July 1, 2025, to July 1, 2018, which expands the period during which employers are exempt from collecting certain payments.

Added a new definition for 'Withdrawal' to explicitly include the dissolution or partial dissolution of a police department.

Reorganized the statutory text to clarify the calculation methods for unfunded accrued liability and the conditions under which payment obligations cease.

Updated references to specific Revised Statutes (R.S.) to align with the bill's new section numbers and repealed provisions.