This bill enacts a new section, R.S. 11:557.1, establishing the "Back-Deferred Retirement Option Program" (Back-DROP) specifically for judges in the Louisiana State Employees' Retirement System. The program allows eligible judges, who voluntarily retire before the end of their term to create savings for the state, to select a Back-DROP period of up to 36 months. During this period, employer and employee contributions will remain with the retirement system, and the judge will receive a lump-sum benefit based on their selected Back-DROP period. The bill outlines the qualifications for participation, the calculation of benefits, and the conditions under which judges can opt for this program.

Additionally, the bill provides a provision for judges holding office on the effective date of the Act, allowing them to retire immediately if their judgeship is designated for abolition and they do not seek re-election. This provision is available until December 31, 2026, and allows these judges to receive a maximum annual benefit based on their service credit and final average compensation. The funding for any costs associated with this Act will be covered by additional employer contributions, ensuring compliance with the Louisiana Constitution.