House Bill No. by Representative McFarland proposes supplemental appropriations for Fiscal Year 2024-2025, specifically allocating a total of $148,771,996 from the State General Fund (Direct) derived from the surplus of Fiscal Year 2023-2024. The bill outlines specific funding amounts for various retirement systems, including $5,520,766 for the Louisiana School Employees' Retirement System, $3,476,988 for the Louisiana State Police Retirement System, $60,246,955 for the Louisiana State Employees' Retirement System, and $79,527,287 for the Teachers' Retirement System of Louisiana. All appropriations are intended to address the unfunded accrued liabilities of these systems.

The bill stipulates that the funding will be certified by the commissioner of administration and recognized by the Revenue Estimating Conference during the Joint Legislative Committee on the Budget meeting on January 16, 2025. The act will take effect upon the governor's signature or, if not signed, after the expiration of the time for bills to become law without signature. If vetoed and later approved by the legislature, the act will become effective the day after such approval.