Louisiana Act 484 (also known as
Senate Bill 127) was on the
October 20, 2007 statewide ballot in
Louisiana as a
legislatively-referred constitutional amendment to the
Louisiana Constitution.
The approved constitutional amendment requires any increase in retirement benefits for state systems to provide their own source of funding.Cite error: Closing </ref> missing for <ref> tag
Election results
| Louisiana Amendment 3 (October 2007) |
|---|
| Result | Votes | Percentage |
 a Yes | 635,324 | 58.04% |
| No | 459,322 | 41.96% |
Taxpayer's perspective
Constitutional Amendment 3 would prevent any expansion of the state's four retirement systems unless the Legislature stipulates a funding source that would cover the cost of the new benefits within 10 years of their enactment. The likely (but not certain) effect of this measure would be to encourage more thoughtful consideration of the taxpayer liabilities involved in boosting retirement payments.
See also
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References
