The Louisiana School Employees’ Retirement System (LSERS) ended the 2017-18 fiscal year on June 30 with an increase of $49.58 million in its valuation of assets, and an actuarial annual return of 7.64%. The projected DROP rate is 7.14% for those in the old DROP program (eligible for DROP or IBRP, and retired before 1/1/2004). Additionally, the system’s funded ratio rose from 74.16% to 74.59%.
The LSERS Board of Trustees adopted the actuary’s recommended employer contribution rate of 29.40% for Fiscal Year 2019-20. This adopted rate will go before the Public Retirement Systems’ Actuarial Committee (PRSAC) for its consideration. PRSAC will make the final decision later in the current fiscal year. Unless the legislature adopts changes, this will be the employer’s contribution rate effective 7/1/2019. LSERS will notify all employers of the final decision on the rate after the PRSAC meeting
If you have any questions, please contact Chenfei Zhou, LSERS Assistant Director, at 225.925.6492 or via email at firstname.lastname@example.org