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Removing Payment Order Requirement for State Retirement System Unfunded Liability Amendment
Removing Payment Order Requirement for State Retirement System Unfunded Liability Amendment
Louisiana · November 3, 2026
What this measure does
Remove the requirement that a state retirement system receiving nonrecurring state funds apply those funds to its oldest outstanding unfunded accrued liability first
A yes vote means
The state retirement system can use extra money however it wants instead of being forced to pay off the oldest unfunded liability first.
A no vote means
The rule stays in place that requires extra state money to go toward the oldest unfunded liability first.
Simple explanation
Right now, when the state gives extra money to the retirement system, there's a rule that says they have to use it to pay down their oldest debts first. This measure just says forget that rule and let them use the money however they want. It's like if you had to always pay your oldest credit card bill first instead of being able to pick which bills to tackle.