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Louisiana Schools Basics

  • Established 1946
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Louisiana Schools, 2006-2019

Fiscal Year Net Assets (billions)
2006 1.5
2007 1.7
2008 1.5
2009 1.2
2010 1.3
2011 1.5
2012 1.5
2013 1.6
2014 1.9
2015 1.9
2016 1.8
2017 1.9
2018 1.9
2019 1.9

Source: Public Plans Database

Number of Actives per Annuitant, 2006-2019

Fiscal Year Louisiana Schools US State and Local Pensions
2006 1.1 2.0
2007 1.0 2.0
2008 1.0 1.9
2009 1.0 1.8
2010 1.0 1.8
2011 1.0 1.7
2012 0.9 1.6
2013 0.9 1.5
2014 0.9 1.5
2015 0.9 1.4
2016 0.9 1.4
2017 0.9 1.5
2018 0.9 1.5
2019 0.8 1.5

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Louisiana Schools, 2006-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2006 18.2 3.1 12.3 21.2 21.2
2007 19.5 0.0 11.6 18.0 18.0
2008 17.9 0.0 10.1 17.3 17.3
2009 17.7 0.7 11.5 18.4 18.4
2010 17.4 7.1 12.8 24.5 24.5
2011 24.6 5.3 13.6 29.9 29.9
2012 29.8 3.4 14.4 33.2 33.2
2013 29.6 0.2 16.7 29.8 29.8
2014 33.7 0.0 16.5 33.1 33.1
2015 33.4 0.0 17.0 33.4 33.4
2016 30.3 0.0 17.0 28.8 28.8
2017 27.7 1.1 14.3 28.8 28.8
2018 27.8 0.0 14.7 27.8 27.8
2019 27.6 0.0 15.1 27.6 27.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Louisiana Schools, 2006-2019

Fiscal Year Louisiana Schools National Data
2006 79.1 86.8
2007 80.0 89.5
2008 76.6 77.0
2009 65.5 73.3
2010 61.0 75.5
2011 59.9 73.4
2012 61.6 74.9
2013 62.1 75.4
2014 66.9 77.4
2015 70.7 79.1
2016 72.5 76.5
2017 74.2 77.6
2018 74.6 75.6
2019 74.4 75.4

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Louisiana Schools, 2019

Category Percent
Equities 49.6
Fixed Income 28.0
Private Equity 3.6
Real Estate 12.1
Cash 1.3
Other 0.0
Commodities 5.5
Hedge Fund 0.0
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.1
Fixed Income 22.6
Private Equity 9.3
Real Estate 9.1
Cash 1.6
Other 0.0
Commodities 1.9
Hedge Fund 6.8
Misc. Alternatives 1.6

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Louisiana Schools, 2006-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2006 59.6 34.0 0.0 3.2 3.2 0.0 0.0 0.0 0.0
2007 61.9 26.6 0.4 6.4 4.7 0.0 0.0 0.0 0.0
2008 59.6 28.5 1.0 6.6 4.3 0.0 0.0 0.0 0.0
2009 58.5 32.9 1.8 5.4 1.5 0.0 0.0 0.0 0.0
2010 59.1 31.7 2.8 4.5 1.9 0.0 0.0 0.0 0.0
2011 61.5 25.9 5.0 6.0 1.7 0.0 0.0 0.0 0.0
2012 61.4 25.3 4.3 8.4 0.2 0.0 0.5 0.0 0.0
2013 62.7 22.5 5.0 8.5 0.3 0.0 1.0 0.0 0.0
2014 60.7 20.7 6.2 9.1 3.3 0.0 0.0 0.0 0.0
2015 62.1 21.2 5.4 10.3 0.2 0.0 1.0 0.0 0.0
2016 48.7 33.1 5.1 11.8 0.4 0.0 1.0 0.0 0.0
2017 53.5 29.5 4.5 10.5 1.2 0.0 0.9 0.0 0.0
2018 57.6 26.4 4.8 8.2 0.8 0.0 2.3 0.0 0.0
2019 49.6 28.0 3.6 12.1 1.3 0.0 5.5 0.0 0.0

Source: Public Plans Database


Annual Return as of June 30 for Louisiana Schools, 2006-2019

Fiscal Year Louisiana Schools Assumed return
2006 9.74 7.50
2007 15.52 7.50
2008 -4.83 7.50
2009 -16.54 7.50
2010 13.29 7.50
2011 23.95 7.50
2012 2.46 7.50
2013 14.11 7.50
2014 17.16 7.50
2015 3.13 7.00
2016 -0.19 7.13
2017 14.37 7.13
2018 6.62 7.06
2019 5.17 7.00

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Louisiana Schools
2006-2019

Fiscal Year Cash Flow Assets
2006 -70.0 1,504.4
2007 -69.5 1,656.6
2008 -68.3 1,512.2
2009 -60.4 1,203.7
2010 -67.6 1,285.9
2011 -56.9 1,516.6
2012 -53.0 1,497.1
2013 -54.3 1,641.2
2014 -52.7 1,857.4
2015 -60.0 1,851.5
2016 -73.2 1,767.8
2017 -84.5 1,922.7
2018 -91.1 1,946.1
2019 -94.1 1,940.4

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Louisiana Schools
2006-2019

Fiscal Year Louisiana Schools National Average
2006 -4.7 -0.6
2007 -4.2 -0.6
2008 -4.5 -0.8
2009 -5.0 -1.4
2010 -5.3 -1.3
2011 -3.7 -1.6
2012 -3.5 -1.6
2013 -3.3 -2.0
2014 -2.8 -1.8
2015 -3.2 -0.5
2016 -4.1 -2.4
2017 -4.4 -2.3
2018 -4.7 -2.6
2019 -4.8 -2.6

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Louisiana Schools benefit descriptions.