RETIREMENT/MUNICIPAL POL: Provides relative to partial dissolution of an employer in the Municipal Police Employees' Retirement System (OR SEE ACTUARIAL NOTE FC)

HB 26 defines when a municipality's police department is considered "partially dissolved" under Louisiana's Municipal Police Employees' Retirement System: if the number of participating police employees drops by at least 51% between June 30th of consecutive years. If this trigger occurs, the employer (municipality) must pay the system's unfunded accrued liability (unpaid costs). The bill directly affects municipalities operating police departments covered by this retirement system. It modifies existing rules to clarify the conditions and financial obligations for employers facing significant reductions in their police workforce.