The amendment would require a minimum of 25% of nonrecurring state revenue to be appropriated to the unfunded accrued liability (UAL) of state retirement systems beginning in fiscal year 2024-2025. The allocated funds would need to be used by each retirement system to pay off the oldest debts first. The amendment authorizes the state legislature to provide for in state law for determining how to distribute the one-time funds among the retirement systems that have debts. If the state legislature does not create a law outlining the distribution requirements, the amendment provides that funds must be distributed proportionally based on each system's total debt compared to the overall debt of all state systems, using the most recent valuations provided by the Public Retirement Systems' Actuarial Committee. None of the funds given to a retirement system could be used to fund cost-of-living increases. The state retirement systems include the Louisiana State Employees' Retirement System (LASERS), Teachers' Retirement System of Louisiana (TRSL), Louisiana School Employees' Retirement System, and the Louisiana State Police Retirement System. Going into the election, the minimum requirement was 10%.