Resource Category: Retirement
MFP Changes Urgent / Weakening Retirement Oversight; Legislative Bulletin, Vol. 38, No. 5
PAR and others have recommended major changes in the state school aid MFP because it fails to do what it is supposed to do– equalize education opportunities throughout the state. / Several proposals moving would weaken the state treasurer’s ability to exercise meaningful oversight of public retirement systems.
PAR Recommendations on Unresolved Major Issues; Legislative Bulletin, Vol. 38, No. 1
PAR has researched a variety of areas in state and local government. This “Bulletin” consists of a select list of PAR recommendations for consideration during the 1990 regular legislative session.
1988 Regular Session; PAR Legislative Analysis
As Louisiana entered 1988, our state faced problems of staggering proportions brought on by years of failure to address many fundamental issues. Action by the Governor and Legislature in the special and regular session demonstrated that Louisiana will no longer conduct business as usual.
Update on Recommended Changes in the MFP; Legislative Bulletin, Vol. 36, No. 5
The state Minimum Foundation Program (MFP), first initiated in 1930, is the major state aid program for local schools. The constitution requires an MFP, gives the State Board of Elementary and Secondary Education (BESE) exclusive authority to recommend changes and limits legislative authority to approving or rejecting BESE recommendations.
Retirement Funding / Campaign Finance Reform; Legislative Bulletin, Vol. 36, No. 3
The adoption of a 1987 constitutional amendment requires the four state-funded and nine statewide retirement systems to attain and maintain actuarially sound funding and mandates the amortization of the systems’ unfunded accrued liabilities within 40 years.
Memo to Legislature: Update on Fiscal Reforms
This memo discusses three of the most important fiscal reforms: establishment of a mineral stabilization fund; adoption of a procedure for official, consensus revenue estimates; and establishment of a prudent funding policy for public retirement systems.