State Data » Louisiana » Louisiana State Parochial Employees » Louisiana Parochial Employees

Louisiana Parochial Employees Basics

  • Established 1953
  • Currently open to new hires
  • Plan covers state and local employees
  • Plan A members are not covered by Social Security, Plan B members are covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Louisiana Parochial Employees, 2001-2018

Fiscal Year Net Assets (billions)
2001 1.33
2002 1.31
2003 1.52
2004 1.69
2005 1.81
2006 2.05
2007 2.23
2008 1.68
2009 2.04
2010 2.39
2011 2.40
2012 2.78
2013 3.28
2014 3.43
2015 3.38
2016 3.59
2017 4.15
2018 3.85

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2018

Fiscal Year Louisiana Parochial Employees US State and Local Pensions
2001 3.2 3.1
2002 3.2 2.9
2003 3.2 2.5
2004 3.1 2.5
2005 2.9 2.5
2006 2.8 2.4
2007 2.8 2.3
2008 2.9 2.2
2009 2.9 2.1
2010 2.8 1.8
2011 2.7 1.7
2012 2.5 1.7
2013 2.3 1.6
2014 2.3 1.5
2015 2.2 1.5
2016 2.1 1.5
2017 2.0 1.5
2018 2.0 1.4

Source: Public Plans Database

National data averages are weighted by plan size.

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Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Louisiana Parochial Employees, 2001-2018

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 8.7 0.0 9.5 6.5
2002 8.2 0.0 10.1 7.6
2003 8.3 3.3 10.4 11.6
2004 12.2 1.3 11.1 13.5
2005 13.7 0.0 12.1 12.8
2006 13.4 1.4 12.3 14.8
2007 12.4 0.0 11.6 8.7
2008 11.7 0.0 10.1 7.9
2009 11.3 3.1 11.5 14.4
2010 15.2 0.0 12.8 12.9
2011 15.1 0.0 13.6 15.1
2012 14.9 1.1 14.4 16.0
2013 16.0 0.0 16.7 15.3
2014 16.3 0.0 16.5 15.8
2015 15.0 0.0 17.0 13.6
2016 13.4 0.0 17.0 11.2
2017 13.2 0.0 14.3 11.4
2018 11.9 0.0 14.7 9.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Louisiana Parochial Employees, 2001-2018

Fiscal Year Louisiana Parochial Employees National Data
2001 92.3 98.7
2002 92.5 85.4
2003 92.8 83.7
2004 93.5 84.1
2005 94.3 83.5
2006 95.0 86.8
2007 96.9 89.5
2008 96.0 77.0
2009 96.9 73.3
2010 97.2 75.5
2011 97.6 73.4
2012 86.8 74.9
2013 92.5 75.4
2014 96.9 77.4
2015 97.2 79.1
2016 99.3 76.5
2017 99.6 77.6
2018 96.3 75.6

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.

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Investments

Asset Allocation for Louisiana Parochial Employees, 2018

Category Percent
Equities 52.3
Fixed Income 34.3
Private Equity 0.0
Real Estate 5.9
Cash 0.9
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 6.6

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2018

Category Percent
Equities 48.1
Fixed Income 22.5
Private Equity 8.9
Real Estate 8.4
Cash 1.8
Other 0.2
Commodities 1.8
Hedge Fund 7.0
Misc. Alternatives 1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Louisiana Parochial Employees, 2001-2018

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 null null null null null null null null null
2002 null null null null null null null null null
2003 null null null null null null null null null
2004 null null null null null null null null null
2005 null null null null null null null null null
2006 null null null null null null null null null
2007 null null null null null null null null null
2008 null null null null null null null null null
2009 null null null null null null null null null
2010 null null null null null null null null null
2011 null null null null null null null null null
2012 null null null null null null null null null
2013 null null null null null null null null null
2014 null null null null null null null null null
2015 null null null null null null null null null
2016 null null null null null null null null null
2017 57.5 32.3 0.0 4.8 1.2 0.0 0.0 0.0 4.3
2018 52.3 34.3 0.0 5.9 0.9 0.0 0.0 0.0 6.6

Source: Public Plans Database

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Annual Return as of December 31 for Louisiana Parochial Employees, 2001-2018

Fiscal Year Louisiana Parochial Employees Assumed return
2001 -0.48 null
2002 -0.58 null
2003 -2.37 null
2004 10.33 null
2005 6.49 null
2006 13.12 null
2007 7.89 7.50
2008 -25.50 7.50
2009 21.76 7.50
2010 15.24 7.50
2011 -0.65 7.50
2012 15.61 7.50
2013 18.16 7.25
2014 4.19 7.25
2015 -0.58 7.00
2016 7.65 7.00
2017 17.30 6.75
2018 -5.67 6.50

Source: Public Plans Database

National data averages are weighted by plan size.

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Cash Flows

Cash Flow vs. Total Assets (Millions)
Louisiana Parochial Employees
2001-2018

Fiscal Year Cash Flow Assets
2001 -0.1 1,332.9
2002 4.0 1,305.0
2003 4.2 1,515.1
2004 15.3 1,687.8
2005 17.6 1,813.2
2006 7.0 2,054.1
2007 13.5 2,232.2
2008 15.6 1,676.6
2009 13.5 2,039.8
2010 31.6 2,386.8
2011 23.2 2,396.1
2012 7.7 2,780.6
2013 -3.8 3,280.9
2014 -14.4 3,429.2
2015 -31.9 3,379.7
2016 -50.6 3,589.7
2017 -57.4 4,154.6
2018 -77.5 3,848.8

Source: Public Plans Database

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Cash Flow as a Percentage of Assets
Louisiana Parochial Employees
2001-2018

Fiscal Year Louisiana Parochial Employees National Average
2001 0.0 -0.6
2002 0.3 -0.2
2003 0.3 -0.9
2004 0.9 -1.0
2005 1.0 -1.2
2006 0.3 -1.5
2007 0.6 -1.6
2008 0.9 -2.7
2009 0.7 -2.8
2010 1.3 -2.9
2011 1.0 -3.4
2012 0.3 -3.6
2013 -0.1 -3.2
2014 -0.4 -3.4
2015 -0.9 -3.9
2016 -1.4 -3.8
2017 -1.4 -3.5
2018 -2.0 -3.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2018 Financial Reports

Benefits

Website for Louisiana Parochial Employees benefit descriptions.