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  • Holiday Office Closure (5/23/2022)

    LSERS’ office will be closed in honor of Memorial Day on Monday, May 30, 2022. Normal business hours will resume on Tuesday, May 31, 2022.

  • PRSAC approved Employer and Member Contribution Rates for Fiscal Year 2022-23 (12/16/2021)

    The Public Retirement Systems’ Actuarial Committee (PRSAC) approved the Louisiana School Employees’ Retirement System (LSERS) June 30, 2021 valuation which included the employer contribution rate of 27.6% effective July 1, 2022; this is a 1.1% reduction from the current Fiscal year rate 2021-22 employer rate of 28.7%

    The member contribution rates for FY2022-23 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. Click here for a copy of the 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 Chenfei Zhou, LSERS Assistant Director, at 225.925.6492 or via email at czhou@lsers.net.

  • LSERS’ Employer Rate for Fiscal Year 2022-23 (10/19/2021)

    The Louisiana School Employees’ Retirement System (LSERS) ended the 2020-21 fiscal year on June 30 with 2 billion in its valuation of assets, and an actuarial annual return of 9.58%. The projected DROP rate is 9.08% for those in the old DROP program (eligible for DROP or IBRP and retired before 1/1/2004). Additionally, the system’s funded ratio was 75.70% with a discount rate of 6.90%.

    The LSERS Board of Trustees adopted the actuary’s recommended employer contribution rate of 27.6% for Fiscal Year 2022-23, which is a 1.1% decrease from the current rate.  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 7/1/2022. 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 czhou@lsers.net.

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