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18-587 Louisiana State Police Retirement System

This program provided for the state employer contributions to the Louisiana State Police Retirement System until the program was transferred in Fiscal Year 1997 to the Department of Public Safety and Corrections - Office of State Police (Schedule Number 08-419). One-time funding was appropriated in Fiscal Year 1997 to accelerate the payoff of the state retirement systems' unfunded accrued liability. The appropriation stipulated that the payments shall be made pursuant to a plan developed by the Commissioner of Administration and the Legislative Auditor to achieve the maximum reduction in total unfunded accrued liability (u.a.l.). By joint agreement, it was determined the funding be applied to the u.a.l. of the State Police Retirement System.

BUDGET SUMMARY

This agency's recommended appropriation does not include any funds for short-term debt.

This agency does not have any long-term debt for Fiscal Year 1998-1999.


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