Louisiana Amends Teachers’ Retirement System for IRS Compliance

The Louisiana Governor signed a law to amend statutes governing the Teachers’ Retirement System of Louisiana, to ensure compliance with I.R.C. §401(a)(9), regarding required minimum distributions. The law includes establishing new rules for benefit payment commencement dates, surviving spouse elections, and beneficiary distribution requirements. The law takes effect July 1. [H.B. 25, enacted 04/30/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.