TEACHERS RETIREMENT: Provides relative to the determination of employer contributions and amortization of certain actuarial gains. (gov sig) (EN SEE ACTUARIAL NOTE FC)

Repealed the rule that automatically increased the 'secondary priority amount' based on the growth in the system's actuarial value of assets for valuations after the first one.

Repealed the requirement to reamortize the net remaining liability over the original period whenever the system attained an 80% funded percentage or higher.

Repealed the restriction preventing the reamortization of liability after funds were applied to specific amortization bases, except in the cases just removed.

Updated the list of repealed statutes in the bill text to include the newly removed subsections (h), (i), and (j).

Deleted the definition of 'secondary priority amount' that included a formula for adding prior year amounts and adjusting for asset growth.

Deleted the definition of 'residual priority amount' that included similar growth-based adjustment formulas.

Repealed specific subsections of the law that mandated the inclusion of prior year contributions and asset growth adjustments in future amortization calculations.

Changed the funding rules to eliminate the automatic increase of priority amounts based on historical gains, resulting in a simpler, more stable calculation for future employer contributions.

Removed provisions allowing the 'secondary priority amount' (retirement gains) to be increased annually based on the system's investment growth after the original amortization base was paid off.

Added a new requirement that once the system reaches an 80% funded ratio, any remaining liability from amortization bases must be reamortized using fixed annual payments until fully paid, stopping the previous growth-based adjustment mechanism.

Changed the document status from a draft version to the final enrolled version, which is now the official law to be enacted.

Removed the legislative digest and explanatory notes that were present in the draft version but are not part of the final legal text.

Added the repeal of R.S. 11:102.2(A)(4)(c)(v), (e)(ii) and (iii), (h), (i), and (j) to the bill's objectives, expanding the list of repealed statutes beyond what was in the engrossed version.

Inserted a new Section 2 explicitly stating that the newly added statutes are hereby repealed.

Added a new Section 8 containing the effective date language, which was missing from the engrossed version.

Included a new summary section noting that technical changes were made to the bill.