Louisiana voters rejected Amendment 5, keeping the rule that state retirement systems apply one-time state money to their oldest unfunded debts first
Louisiana voters rejected Amendment 5 on Tuesday, according to unofficial results, which keeps in place a rule that state retirement systems apply one-time money from the state to their oldest unfunded debts first. Ballotpedia’s tally shows 526,531 votes in favor, or 38%, and 874,544 against, or 62%. Because the amendment failed, nothing in the Constitution... The post Louisiana voters rejected Amendment 5, keeping the rule that state retirement systems apply one-time state money to their oldest unfunded debts first appeared first on The Financial Wire .