STATE EMPLOYEE RET: Provides relative to payments toward the unfunded accrued liability of the Louisiana State Employees' Retirement System and the amortization of certain actuarial gains. (gov sig) (EN SEE ACTUARIAL NOTE FC)

Eliminated the requirement to calculate 'secondary priority amounts,' which previously allowed the system to increase annual payments based on past investment returns exceeding actuarial assumptions.

Deleted provisions that mandated re-amortization of the debt when the system's assets grew by a certain percentage, which would have triggered higher required payments.

Repealed existing rules regarding how the system handles funding calculations after the original amortization base is fully paid off, simplifying the process by removing automatic escalation triggers.

The header was updated from 'ENGROSSED' to 'ENROLLED', indicating the bill has passed both houses and is in its final form.

The definition of 'secondary priority amount' was slightly refined to clarify that it applies when returns equal or exceed the maximum available.

The effective date provision was expanded to explicitly state the bill becomes law if vetoed and approved by the legislature, ensuring the timeline is clear regardless of the Governor's action.