Louisiana 2026 Regular Session

Louisiana House Bill HB29

Introduced
1/21/26  
Refer
1/21/26  
Refer
3/9/26  
Report Pass
4/9/26  
Engrossed
4/15/26  
Refer
4/20/26  

Caption

Provides for the creation of the Ascension Parish retired employee insurance fund

Impact

If enacted, HB29 will provide a structured way to cover the insurance premiums of retired clerks, offering a safeguard for their post-employment benefits. This creates a legally defined method for the Ascension Parish Clerk’s office to manage funds effectively while adhering to investment guidelines. The implementation of this fund is anticipated to create a precedent for local government financial responsibility towards retired employees, potentially influencing similar legislation in other parishes.

Summary

House Bill 29 proposes the establishment of the Ascension Parish Clerk of Court Retired Employees Insurance Fund (APCOCREIF) aimed at managing and funding insurance premium costs for eligible retired clerks and deputy clerks within Ascension Parish. The bill grants the clerk of Ascension Parish the discretion to contribute to this fund, with a clear stipulation on investment allocation, requiring at least 25% in equities and 25% in fixed income investments rated as investment-grade. This structure is designed to ensure a sustainable financial foundation for retiree insurance coverage.

Sentiment

The sentiment surrounding HB29 appears to be supportive, particularly among stakeholders who recognize the importance of providing for retired government employees. Advocates highlight the necessity of a dedicated fund to ensure the continued viability of insurance benefits for retired clerks. However, discussions may contend with budgetary implications, questioning the long-term financial commitments required from the parish treasury.

Contention

While there is general support for providing benefits to retired employees, concerns may arise regarding the allocation of resources and the potential financial burden on the parish budget. The investment provisions and the requirement for audits may lead to debates about accountability and risk management associated with public funds. The establishment of the advisory board to oversee investments serves as a safeguard against mismanagement, but its efficacy will depend on proper oversight mechanisms.

Companion Bills

No companion bills found.

Previously Filed As

LA SR106

To commend and congratulate A. Denise Graves on the occasion of her retirement with more than forty years with the Ascension Parish School Board.

LA SB139

Provides for the leasing of the Lamar-Dixon Expo Center in Ascension Parish. (8/1/25)

LA HB209

Provides relative to the financing structure for public works projects in Ascension Parish

LA HR117

Designates May 7, 2025, as Ascension Parish Day at the state capitol

LA HR192

Designates May 21, 2025, as Ascension Parish Day at the state capitol

LA HB66

Provides relative to qualifications for participation in the Employee Insurance Fund for the Jefferson Davis Parish Sheriff's Office (EN NO IMPACT LF EX See Note)

LA SR83

Recognizes Wednesday, May 7, 2025, as Ascension Parish Day at the Louisiana State Capitol.

LA SB138

Provides for health insurance coverage for retired employees of district attorneys' offices. (8/1/25)

LA HB9

Provides relative to retirement eligibility in the Louisiana State Employees' Retirement System (OR +$154,400,000 APV)

LA SB224

Provides for the creation of the Parish Preservation Act. (8/1/25)

Similar Bills

No similar bills found.