Senate Bill No. 232, introduced by Senator Miller, aims to amend and reenact the introductory paragraph of R.S. 13:10.3(D) and to enact new provisions R.S. 13:10.3(D)(3) and (4) concerning the funding of the Judges' Supplemental Compensation Fund. The bill clarifies that after accounting for necessary administrative expenses, the board will authorize the judicial administrator to set aside and transmit monthly contributions to the relevant State Employees' Retirement System for judges who are members of a public retirement system. This ensures that the additional employer's retirement contributions are properly allocated.

Additionally, the proposed law specifies that the new provisions will apply only to justices, judges, or commissioners who have served in their respective offices on or before December 31, 2026, or those who have served for at least three years after that date. It also establishes that any savings resulting from these provisions cannot exceed the amounts paid during Fiscal Year 2025-26 and must be retained to create a reserve for maintaining the fund's stability, which can be utilized during any reductions in the fund's receipts. The bill will take effect upon the governor's signature or after the lapse of time for gubernatorial action.

Statutes affected:
SB232 Original: 13:3(D)
SB232 Engrossed: 13:3(D)
SB232 Reengrossed: 13:3(D)