Correction to LSERS FY 2014-15 Employer Rate 33.0%

LSERS' June 30, 2013 valuation has been revised after the discovery of a miscalculation in the amortization schedules and payments.  The revised valuation on the website reflects the changes highlighted in yellow on pages 2 and 8.  Based on updates to the amortization schedules and payments, the projected FY 2014-15 employer contribution rate will be 33.0%, rather than 35.4% which was previously projected.
On Tuesday, December 3, 2013 the Board of Trustees approved the revised valuation as recommended by the system's actuary.  This recommendation will be presented to the Public Retirement Systems' Actuarial Committee (PRSAC) in early 2014 for approval and, unless the legislature adopts changes, this will be the employer contribution rate for 2014-15.  LSERS will notify all employers of the approval after the PRSAC meeting.
We apologize for any inconvenience this may have caused you.

Crossroads Newsletter

The December 2013 members' Crossroads newsletter is now available for online viewing.  Printed copies will be mailed by the end of December to all members, retirees and beneficiaries.

Revised Fact Sheet and Form

Fact Sheet - 2 LSERS Membership and Form - 13 Application for Survivor Benefit have been revised and are now available on LSERS website.

And, as always, we appreciate and welcome any and all comments, as this helps
us identify ways to make improvements for you and provide better service to our
members and employers. Feel free to provide feedback and suggestions using
the LSERS Satisfaction Survey on our "Contact Us" page on the LSERS website.

Copyright © 2013 Louisiana School Employees' Retirement System, All rights reserved.

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