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LSERS investments return 14.01 percent for fiscal year ended June 30, 2013

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LSERS investments return 14.01 percent for fiscal year ended June 30, 2013

LSERS investments return 14.01 percent for fiscal year ended June 30, 2013

Baton Rouge – Louisiana School Employees’ Retirement System generated an investment return of 14.01 percent for fiscal year July 1, 2012 to June 30, 2013. This performance contributed to an increase of over $134 million to the value of LSERS plan assets. This places LSERS in the 9th percentile when compared to pension plans with assets of $1 billion and greater, according to Bank of New York Mellon. Over the last 3 years LSERS averaged 13.24% annualized market rate of return.
LSERS paid over $139 million in retirement benefits that provided economic security to approximately 13,000 retired non-instructional personnel of the Louisiana public school systems.