Louisiana Amendment 5: Which pension liabilities receive one-time funding
Louisiana · Constitutional amendment · Budget · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would let a receiving retirement system apply that money to any unfunded accrued liability. The minimum allocation to retirement systems would remain.
What applies now
At least 25% of designated nonrecurring state money must go to state retirement systems, which must apply it to their oldest unfunded accrued liabilities first.
If yes / for
Remove the oldest-liability-first requirement.
If no / against
Keep the existing payment-order requirement.
Costs and funding
No verified fiscal estimate recorded in this baseline. This does not mean there is no cost.
Timing
Under the general constitutional rule, 20 days after the governor proclaims adoption, unless the amendment provides otherwise. No separate date recorded here.
Passage rule
A majority of votes on the amendment.