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PRSAC approved Employer and Member Contribution Rates for Fiscal Year 2015-16

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PRSAC approved Employer and Member Contribution Rates for Fiscal Year 2015-16

PRSAC approved Employer and Member Contribution Rates for Fiscal Year 2015-16

The Public Retirement Systems’ Actuarial Committee (PRSAC) approved an employer contribution rate of 30.2% for the Louisiana School Employees’ Retirement System (LSERS) for the fiscal year 2015-16 effective July 1, 2015.  This is a 2.8% reduction from the current 2014-15 employer rate of 33.0%.

The member contribution rates for 2015-16 will remain at 7.5% for members hired before July 1, 2010 and 8.0% for new members with first state service on or after July 1, 2010.

For a copy of the signed memo to Superintendents, Directors, Business Managers, Human Resource Directors, and IT Directors of all LSERS Employing Agencies or if you have any questions, please contact Carolyn Forbes, LSERS Assistant Director, at 225.925.6490 or via email at cforbes@lsers.net