RETIREMENT/STATE POLICE: Provides relative to amortization bases within the Louisiana State Police Retirement System (EN SEE ACTUARIAL NOTE FC)

Changed the amortization period for prior year over or underpayments from a complex schedule involving 30-year, 20-year, and 15-year terms to a uniform five-year level dollar amount.

Deleted the entire section regarding the 'AFC rate' (Actuarially Required Contribution rate), which previously mandated specific funding rates and adjustments for the permanent benefit increase account.

Removed specific clauses detailing how amortization periods should be adjusted if the system reaches a funded percentage of seventy or more.

The repayment period for outstanding amortization bases established before Fiscal Year 2008-2009 was extended from five years to thirty years, with payments scheduled to end by June 30, 2029.

A new rule establishes a fifteen-year amortization period for changes, gains, or losses occurring after June 30, 2029, replacing the previous thirty-year standard for new items.

A new requirement mandates that the state employer contribution rate must be at least the sum of the projected normal cost and a permanent 'AFC rate' starting in Fiscal Year 2027-2028.

Actuarial gains allocated to the system's experience account must now be amortized as a loss over a ten-year period, requiring faster repayment of these gains compared to previous rules.