The bill amends and reenacts specific sections of R.S. 11:1733, which pertains to the coverage of employees from incorporated cities, towns, villages, and tax boards or commissions in Louisiana. It authorizes these entities to submit agreements for extending benefits to their employees, with the requirement that such agreements conform to board rules and state laws. The bill also clarifies the payment structure for employer contributions to the fund, specifying that these payments must be made at times prescribed by the board and allows for deductions from employee earnings to cover contributions.

Additionally, the bill introduces provisions specifically for the Lafayette City-Parish Consolidated Government, allowing it to re-amortize any remaining balance related to certifications performed before June 30, 2024, over a new twenty-year period. It also permits the government to amortize any certifications performed on or after July 1, 2024, over twenty years with equal monthly payments. These changes aim to provide more flexible funding options for the Lafayette government while ensuring compliance with the overall framework established for employee coverage.

Statutes affected:
SB478 Original: 11:1733(A), 11:1733(C)(1)
SB478 Engrossed: 11:1733(A), 11:1733(C)(1)
SB478 Reengrossed: 11:1733(A), 11:1733(C)(1)
SB478 Enrolled: 11:1733(A), 11:1733(C)(1)
SB478 Act 360: 11:1733(A), 11:1733(C)(1)