RETIREMENT/MUNICIPAL POL: Provides relative to the payment of unfunded accrued liability by employers of the Municipal Police Employees' Retirement System (OR SEE ACTUARIAL NOTE FC)

HB 40 modifies payment requirements for unfunded retirement liabilities when municipal police departments transfer employees between participating employers in Louisiana's Municipal Police Employees' Retirement System. It requires the retirement system to determine whether a transferring department would have partially dissolved without the employee transfer. If dissolution would have occurred regardless, the transferring department must pay liabilities based on remaining employees; if dissolution wouldn't have happened without the transfer, no payment is required. This directly affects municipal police departments participating in the retirement system during departmental reorganizations. The bill focuses on clarifying payment obligations under specific transfer scenarios.