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Bill

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)

2026 Regular Session Introduced by Kirk Talbot

SB 455 expands Louisiana's Parochial Employees' Retirement System to admit new employer entities starting August 1, 2026, potentially increasing state pension obligations.

Effective date 8/1/2026.
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Bill Summary · SB 455

Legislative bill overview

SB 455 allows additional entities to join Louisiana's Parochial Employees' Retirement System (PERS) as employers. The bill expands who can participate in this existing retirement plan beyond traditional parochial (religious) school employers. This takes effect August 1, 2026.

Why is this important

Retirement system membership affects pension obligations, funding requirements, and long-term liabilities for the state. Expanding PERS enrollment could increase the system's overall participant base and funding needs, or conversely, strengthen the system's financial position depending on the entities admitted and their employee demographics.

Potential points of contention

  • Fiscal impact unclear: The bill references an actuarial note (FC) that would detail cost implications, but expanding PERS membership typically increases state pension liabilities unless new employer contributions are sufficient
  • Criteria for admission undefined: The bill doesn't specify which types of entities qualify for admission, potentially allowing discretionary or politically-motivated additions
  • Existing system solvency: Adding employers to an underfunded system could strain resources, while adding to a healthy system may have minimal negative impact

Compiled from official sources — confirm details with the bill’s official record.

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