Answer

An actuarial note is a brief explanatory statement or note which includes a reliable estimate of the financial and actuarial effect of a proposed legislative change in any retirement system. The actuarial note does not constitute a part of the law or other provisions or expression of legislative intent proposed by the bill or resolution. The actuarial note must: Be attached to every bill, joint resolution, and simple or concurrent resolution introduced in the legislature proposing any change in the law relative to any state, municipal or parochial retirement system, funded in whole or in part out of public funds. Be attached to the proposed legislation at the time of its consideration by any committee of either house of the legislature. Be attached to the original of each proposed bill or resolution which is reported favorably by any committee of either house of the legislature, but shall be a separate document and shall be clearly designated as an actuarial note. Louisiana Legislative Auditor website: 06/09/2025 10:15:48 PM