The East Baton Rouge Parish School System must give annual itemizations of post-employment benefits, and the St. George Community School System must reimburse and deposit the required amounts through a trust.
NOTE: §68.5 eff. upon adoption of a const. amend. which authorizes the St. George Community School System. See Acts 2025, No. 455. §68.5. Benefits of reemployed retirees and Legacy Benefit Trust Fund for Retirees of East Baton Rouge Parish School System A.(1) The East Baton Rouge Parish School System shall provide annually to the St. George Community School System an itemization of all post employment benefits to be paid by the East Baton Rouge Parish School Board for the benefit of every individual hired by the St. George Community School System as a full-time employee. (2) Utilizing the annual calculation method provided in Subsection B of this Section, the St. George Community School System shall reimburse, via the trust created in Subsection B of this Section, the East Baton Rouge Parish School System on a quarterly basis for all post employment benefits for all employees hired by the St. George Community School System as full-time employees until all post-employment benefits to which the individuals are entitled has been paid in full. B.(1) A trust to be known as the "St. George Schools Legacy Benefit Trust for Retirees of the East Baton Rouge Parish School System" shall be established pursuant to R.S. 17:1224. Within twelve months of beginning operation and then annually thereafter, the St. George Community School System shall deposit into the trust an initial sum necessary to cover the amounts that are required in this Section. The trust shall make quarterly payments to the East Baton Rouge Parish School System in order to satisfy the requirements of Subsection A of this Section. (2) The annual sum to be deposited into the trust by the St. George School System pursuant to this Section shall be based upon the following: (a) The amount which represents the total costs of providing the post employment benefits for those individuals described in Subsection A of this Section shall be divided by the number of students enrolled in the East Baton Rouge Parish School System for the school year prior to July 1, 2027, thereby representing the per pupil amount of the total cost of the post employment benefits. The per pupil amount shall then be multiplied by the total number of students enrolled in the St. George Community School for the school year after July 1, 2027, representing the amount of the payment to the trust. (b) For the school year beginning on July 1, 2028, and for all subsequent years thereafter, the amount deposited shall be the per pupil costs utilizing the initial student enrollment data for the respective two school districts and the per pupil formula applicable to the amount owed to satisfy the obligation provided for in Subsection A of this Section. C. In the event it is determined by an actuarial study that the funds on deposit in the Legacy Benefit Trust for Retirees of the East Baton Rouge Parish School System are sufficient to pay the costs of the legacy benefits due to a proportionate share of individuals who retired from the East Baton Rouge Parish School System prior to the date in which the St. George Community begins the actual operation of educating students, St. George Community School System shall not be required to make any additional payments to the Legacy Benefit Trust for Retirees of the East Baton Rouge Parish School System. Acts 2025, No. 455, §1, eff. See Act.