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PRSAC approves Employer Rate for FY 2014-15

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PRSAC approves Employer Rate for FY 2014-15

PRSAC approves Employer Rate for FY 2014-15

The Public Retirement Systems’ Actuarial Committee (PRSAC) met on Thursday, March 6, 2014, and approved an employer contribution rate of 33.0% for the Louisiana School Employees’ Retirement System (LSERS) for the fiscal year 2014-15 effective July 1, 2014.
The member contribution rate will remain at 7.5% for members hired before July 1, 2010 and 8% for new members with first state service on or after July 1, 2010.  Click here for a copy of signed memo to Superintendents, Directors, Business Managers, Human Resource Directors, and IT Directors of all LSERS Employing Agencies.
If you have any questions, please contact Carolyn Forbes, LSERS Assistant Director, at 225.925.6490 or via email at cforbes@lsers.net.