§ 11:121 — Creation; purpose

§121. Creation; purpose
A. The Public Retirement Systems' Actuarial Committee is hereby created and
established as the public retirement and pension system advisor of the Legislature of
Louisiana.
B. The legislature recognizes that the fiscal integrity of the state and statewide public
retirement and pension systems, plans, and funds is a priority and is necessitated by the
current financial condition of the systems, plans, and funds. This actuarial committee is
created with the intent that a plan can be developed to insure orderly and consistent strategies
for continuing development and growth that will attain and maintain the soundness of the
systems, plans, and funds. The purpose of this Chapter is to provide an entity to advise and
coordinate this ongoing process and to report to the House and Senate committees on
retirement and the Joint Legislative Committee on the Budget all findings and
recommendations.

Legislative History

Acts 1988, No. 81, §2, eff. July 1, 1988; Acts 2010, No. 874, §1, eff. July 1, 2010; Acts 2018, No. 399, §1, eff. June 30, 2018.