SB 455: RETIREMENT SYSTEMS: Provides for admission of entities as employers to the Parochial Employees' Retirement System of Louisiana. (2/3-CA10s(29)(F))(8/1/26) (EN SEE ACTUARIAL NOTE FC) - Louisiana

SB455 Original → SB455 Act · 4 edits

MODERATE

This bill updates the Parochial Employees' Retirement System to explicitly include district and parish courts as eligible employers. It allows these courts to offer retirement plans that do not cover every single service or employee, a flexibility not previously available. Additionally, it clarifies that employees transferring credit into this system cannot transfer it back out.

Scope change

The bill expands the scope of eligible employers to explicitly include district courts and parish courts, whereas the original text was less specific about the court system's inclusion.

SCOPE

Explicitly added 'district court or parish court' to the list of entities eligible to submit retirement plans to the board of trustees.

ELIGIBILITY

Created an exception allowing the board to approve plans for courts even if the plan does not cover all services performed or extend benefits to all employees of the court.

REQUIREMENT

Clarified that employees who transfer service credit into the system lose the right to execute a reverse transfer back to their previous system.

TECHNICAL

Updated the official title and header to reflect the enrolled act status and corrected the system name to 'Parochial Employees' Retirement System of Louisiana'.

SB455 Enrolled → SB455 Original · 4 edits

MODERATE

This bill updates the rules for courts to join the Parochial Employees' Retirement System. It allows district and parish courts to join even if they don't cover all their employees or services, and it gives current court employees a specific deadline to switch to this new system.

Scope change

The bill expands the Parochial Employees' Retirement System to include district courts and parish courts, whereas the previous version did not explicitly include these entities.

SCOPE

Added district courts and parish courts as eligible employers to the retirement system.

REQUIREMENT

Relaxed the requirement that a retirement plan must cover all employees and services for courts, allowing partial coverage plans.

Added a restriction preventing employees who transfer service credit into the system from transferring it back out.

TIMELINE

Established a specific deadline of January 1, 2027, for current court employees to decide whether to join the new system.

SB455 Re-Reengrossed → SB455 Enrolled · 3 edits · May 13, 2026

MINOR

This bill was finalized as an enrolled version, confirming it is ready to be signed into law. The substantive policy content regarding court employee retirement benefits remains unchanged from the previous draft, with the only notable difference being the removal of the 'Re-Reengrossed' status and the addition of official signatures from the Senate President, House Speaker, and Governor.

Scope change

The bill's scope and applicability remain unchanged; it continues to authorize district and parish courts to offer their employees participation in the Parochial Employees' Retirement System of Louisiana.

TECHNICAL

The document header was updated from 'RE-REENGROSSED' to 'ENROLLED', indicating the bill has passed all legislative stages and is awaiting the Governor's signature.

The 'Senate Legislative Services' digest and summary sections were removed, as these explanatory texts are not part of the final law.

Signatures and approval lines for the President of the Senate, Speaker of the House, and Governor were added to certify the bill's final passage.

SB455 Reengrossed → SB455 Re-Reengrossed · 3 edits · May 12, 2026

MINOR

The bill was re-reengrossed to add a new eligibility requirement preventing employees from joining the Parochial Employees' Retirement System if they have already made an irrevocable election to stay in the Louisiana State Employees' Retirement System for the same job. This change clarifies that employees must not have previously exercised an election to remain in their current state system before they can switch to the parish system, ensuring no double-dipping of retirement benefits.

Scope change

The scope of eligibility for the Parochial Employees' Retirement System was narrowed to exclude those who have already elected to remain in the Louisiana State Employees' Retirement System.

ELIGIBILITY

Added a condition requiring that an employee must not have previously exercised an irrevocable election to remain in the Louisiana State Employees' Retirement System to qualify for a new election to join the Parochial Employees' Retirement System.

Updated the digest and summary of amendments to reflect the new requirement that employees cannot switch systems if they have already elected to stay in their current system.

TECHNICAL

Changed the document title from 'REENGROSSED' to 'RE-REENGROSSED' to reflect the legislative process status.

SB455 Engrossed → SB455 Reengrossed · 2 edits · May 12, 2026

MINOR

The bill was reengrossed to make technical corrections and clarify the official name of the retirement system throughout the document. These changes ensure consistency by adding 'of Louisiana' to the system's name and fixing minor formatting errors, but they do not alter the bill's substantive policy or eligibility requirements.

Scope change

The scope of the bill remains unchanged; it still allows district or parish courts to admit employees into the Parochial Employees' Retirement System.

TECHNICAL

Updated the system name from 'Parochial Employees' Retirement System' to 'Parochial Employees' Retirement System of Louisiana' for consistency and clarity.

Corrected minor spacing and formatting inconsistencies in the header and digest sections.

RETIREMENT SYSTEMS: Provides for admission of entities as employers to the Parochial Employees' Retirement System of Louisiana. (2/3-CA10s(29)(F))(8/1/26) (EN SEE ACTUARIAL NOTE FC)

What changed between versions

How they voted

Actions timeline

Sponsors