Updated October 30, 2026. Quick answer: The Louisiana Assessors’ Retirement Fund has no automatic COLA. Its Board votes each increase, and under Act 528 of 2026 an increase begins on the October 1 following the Board’s approval. The latest increase the fund’s valuation confirms began October 1, 2025, and the Board voted another in July 2026. A 2027 increase is not set yet.
How an increase is granted
The legislative digest for Act 528 of the 2026 session describes the change: “makes the FDA the sole authorized funding source; removes the $300 annual cap; applies any percent increase to the current benefit; and provides that the COLA begins on Oct. first following the board’s approval.” On when the Board may act: “New law authorizes the ASSR board to grant a COLA in any fiscal year in which the system is more than 100% funded.” The digest also adds an option for older recipients: “New law authorizes the ASSR board to grant a COLA of up to 2% of the current benefit to recipients who are 65 years of age or older funded by funds in the FDA.”
Who is covered and what limits apply
The fund’s actuary writes: “Although the Board of Trustees has authority to grant ad hoc Cost of Living Increases (COLAs) under limited circumstances, in our opinion the system’s practice of using the Funding Deposit Account to pre- fund ad hoc COLAs”. The digest also lists the older funded-level tests for statewide system boards, for example: “At least 90% funded and no COLA was granted in the most recent fiscal year.” Whether those tests still bind this fund after Act 528 is not stated in the sources read. This page covers retirees, beneficiaries and survivors of the fund. The sources read describe two kinds of increase: a dollar formula for those retired at least one year, and a separate supplemental amount for recipients age 65 or older. The state’s online statute page still showed the text from before Act 528, so the digest is cited as the governing text.
The latest increases
The fund’s valuation lists the October 2025 increase: “October 1, 2025 COLA paying $1 times the number of years of credited service at retirement plus the number of years since retirement; for those retired at least 1 year.” It also notes: “Since the Board granted a cost-of-living increase effective October 1, 2025 under R.S. 11:241 and R.S. 11:246, the Fund is not authorized under R.S. 11:243 to grant a cost-of-living increase in Fiscal 2026 for regular retirees.”
The Board meeting held on “TUESDAY, JULY 28, 2026”. produced the next vote: “Board members considered the options and after some discussion elected to grant an increase of an amount equal to two percent of the current benefit, to all retirees and beneficiaries who are sixty-five years of age or over and an increase to consist of an amount equal to one dollar for each of the number of years of credited service accrued at retirement plus one dollar for the number of years since retirement to 9/30/2026, fiscal year end.” The minutes show the motion was approved pending PRSAC approval of the valuation report, and they print no effective date. The October 1 start follows from the Act, not from the minutes, and no PRSAC outcome was found.
Where 2027 stands
No 2027 increase is set yet: the Board votes its increase at a July meeting for the following October 1, and this page updates when the Louisiana Assessors’ Retirement Board votes on a 2027 increase. No source shows a vote for an increase in 2027. The July 2026 vote is the most recent, and the minutes tie its dollar formula to the fiscal year that ends September 30, 2026.
Common mistakes
- Expecting an increase every year. The fund’s valuation says the Board could not grant a regular retirees increase in fiscal 2026 after the October 2025 one, and each increase needs a new Board vote.
- Assuming a percentage. The latest valuation increase is a dollar formula based on years of service plus years since retirement, with a separate supplemental amount for age 65 and older.
- Relying on older descriptions. Handbooks and valuations written before Act 528 describe the earlier rules, including a different base for the supplemental amount.
Related: Louisiana Assessors’ Retirement Fund retirement decisions, how public pension decisions work, and whether Louisiana taxes pensions.
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Answer againSources
- Louisiana State Legislature, Resume Digest, Act 528 (HB 47), 2026 Regular Session: www.legis.la.gov
- Louisiana Assessors’ Retirement Fund (posted on louisianaassessors.org; actuary’s report), Louisiana Assessors’ Retirement Fund Actuarial Valuation, September 30, 2025: www.louisianaassessors.org
- Louisiana Assessors’ Retirement Board (state Boards and Commissions), Louisiana Assessors’ Retirement Board minutes, July 28, 2026: wwwcfprd.doa.louisiana.gov
- Related official page (not quoted): IRS Tax Topic 410, Pensions and annuities: www.irs.gov
- Related official page (not quoted): IRS Tax Topic 411, Pensions: the General Rule and the Simplified Method: www.irs.gov
Read from the primary documents linked above on October 30, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer or the IRS itself is the right place to confirm anything consequential.