RETIREMENT/ASSESSORS: Provides relative to the correction of administrative errors within the Assessors' Retirement Fund (EN NO IMPACT APV)
HB 15 corrects payment errors in Louisiana's Assessors' Retirement Fund. If a mistake causes a retiree to receive too little (underpayment), the fund must add interest at its valuation rate. If a retiree received too much (overpayment), the fund can recover the excess by reducing future benefits, but must notify the retiree 30 days in advance. This directly affects retirees whose benefit calculations contained administrative errors. The bill takes effect upon gubernatorial approval or legislative override of a veto.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2026
Committee Review
Apr 2026
House Passage
Mar 2026
Senate Passage
Apr 2026
Signed into Law
Apr 2026
Introduced Jan 20, 2026
Signed Apr 30, 2026
Maddy AI version diff · 3 comparisons
What changed between versions
HB15 Original
→
HB15 Act
·
3 edits
MINOR
This bill enrolls HB 15, which establishes a formal process for the Assessors' Retirement Fund to correct administrative errors involving overpayments. It mandates that the board must notify recipients of the overpayment amount and the specific benefit reduction at least 30 days before withholding funds, ensuring transparency in the recovery process. The act also clarifies that corrections for underpayments must include interest.
Scope change
The bill's scope remains focused on the Assessors' Retirement Fund, but it formalizes the enforcement mechanism for recovering overpayments and clarifies interest rules for underpayments.
REQUIREMENT
Requires the retirement board to notify benefit recipients of overpayments and the duration of benefit reductions at least 30 days before the reduction takes effect.
Specifies that corrections for benefit underpayments must include interest calculated at the system's valuation interest rate.
TECHNICAL
Converted the bill from its original draft format to the final enrolled act format, including the effective date clause and official signatures.
Floor votes · Senate Apr 22, 2026 · House Mar 26, 2026
How they voted
37–0
Passed · 3 other
Total votes 40
Apr 22, 2026
D
Democratic12
83% Yea
R
Republican28
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
4
Committee
4
Apr 22, 2026
Upper · Passed
Read by title, passed by a vote of 37 yeas and 0 nays, and ordered returned to the House. Motion to reconsider tabled.
upper
Apr 14, 2026
Committee
Read by title and referred to the Legislative Bureau.
upper
Apr 13, 2026
Upper · Passed
Reported favorably.
upper
Mar 26, 2026
Lower · Passed
Read third time by title, roll called on final passage, yeas 89, nays 0. Finally passed, title adopted, ordered to the Senate.
lower
Mar 23, 2026
Lower · Passed
Reported favorably (10-0).
lower
Mar 18, 2026
Committee
Read by title, under the rules, referred to the Committee on Retirement.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Stephanie Berault
RRepublican
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