Senate Bill No. 85, introduced by Senator Miller, establishes the St. Charles Parish Retired Employees Insurance Fund (SCREIF) to assist in covering the group insurance premium costs for eligible retired sheriffs and deputy sheriffs of the St. Charles Parish Sheriff's Office. The bill allows the sheriff to contribute to the fund at their discretion and mandates that at least 25% of the fund be invested in equities and 25% in fixed income investments, with specific requirements for the quality of fixed income investments. Earnings from these investments can be withdrawn to pay for insurance premiums or legal representation costs, but only after the fund reaches a minimum of $4 million. If the fund's total falls below this threshold, any outstanding insurance costs must be covered by the sheriff's general fund.

Additionally, the bill requires that any financial audits of the sheriff's office address compliance with the provisions of the SCREIF. It also establishes an investment advisory board, consisting of the sheriff or their designee, one retired sheriff or deputy sheriff, and one active deputy sheriff, all appointed by the sheriff. The board is tasked with making recommendations regarding fund investments and must convene within 30 days of member appointments to elect a chairperson. The proposed law is set to take effect on August 1, 2026.