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PRSAC approved Employer and Member Contribution Rates for Fiscal Year 2017-18

The Public Retirement Systems’ Actuarial Committee (PRSAC) approved the Louisiana School Employees’ Retirement System (LSERS) June 30, 2016 valuation which included the employer contribution rate of 27.6% effective July 1, 2017.  This is a .3% increase from the current 2016-17 employer rate of 27.3%.

The member contribution rates for 2017-18 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 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 N. Forbes, LSERS Assistant Director, at 225.925.6490 or via email at cforbes@lsers.net

Posted 12/1/2016
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