RETIREMENT/STATEWIDE SYS: Provides relative to the Municipal Police Employees' Retirement System and the Firefighters' Retirement System (OR SEE ACTUARIAL NOTE APV)

HB 49 amends Louisiana's retirement systems for municipal police and firefighters, creating new rules for when a city's department is considered "partially dissolved" due to significant drops in employee numbers (e.g., below 70% of prior-year counts or a 50+ employee decrease). If dissolution occurs, the city must pay the retirement system's unfunded liability over 15 years, with payment timing depending on the valuation date (starting July 1 of the second or third fiscal year after calculation). The bill also clarifies how employee transfers (e.g., to airport authorities) affect liability calculations and adjusts payment requirements if department staffing later recovers. These changes apply to departments with employees hired on or after January 1, 2027.