Plan Data | Public Plans Data

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

State and local government pension benefits are paid from trust funds to which public employees and their employers contributed while they were working, not from general operating revenues. Trust fund assets are invested and grow over time. The combined value of defined benefit plan assets held by state and local governments as of Q2 2022 decreased to $5.3 trillion, from $5.7 trillion as of Q2 2021 (Federal Reserve Flow of Funds, June 2023). PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Assets at Year-End, Louisiana Parochial Employees, 2001-2022

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
2019	4.45
2020	4.97
2021	5.43
2022	4.66

Source: Public Plans Database

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State and local employees make up around 10-15 percent of the US workforce. About a quarter of public sector workers are covered by a public pension in lieu of Social Security, including nearly half of all teachers and over two-thirds of firefighters and public safety officers. Public employees live in every city and county in the nation; more than 90 percent retire in the same jurisdiction where they worked. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Number of Actives per Annuitant, 2001-2022

Fiscal Year	Louisiana Parochial Employees	US State and Local Pensions
2001	3.2	2.4
2002	3.2	2.3
2003	3.2	2.2
2004	3.1	2.1
2005	2.9	2.1
2006	2.8	2.0
2007	2.8	2.0
2008	2.9	1.9
2009	2.9	1.9
2010	2.8	1.8
2011	2.7	1.7
2012	2.5	1.6
2013	2.3	1.5
2014	2.3	1.4
2015	2.2	1.4
2016	2.1	1.4
2017	2.0	1.4
2018	2.0	1.3
2019	1.9	1.3
2020	1.8	1.3
2021	1.8	1.2
2022	1.7	1.2

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Membership for Louisiana Parochial Employees

Actives	Beneficiaries	Total Membership
15,726	9,358	26,237

Source: Public Plans Database

Costs

The Annual Required Contribution (ARC) is the amount needed to finance benefits accrued each year, plus the cost to amortize unfunded liabilities from past years, minus required employee contributions. It is a projection that matches a yearly payment amount to a particular amortization period, taking into consideration an assortment of assumptions adopted by the plan. In practice, all plans do not calculate the ARC in the same manner. Assumptions used to calculate the ARC reflect actual plan experience, including investment return , actuarial cost, salary growth, total payroll growth and mortality, as well as an adopted amortization method. These assumptions and methods will differ from one plan another, so caution should be taken when comparing ARC between plans. PPD data covers the period from 2001 to the most recently available plan reports, and the historical charts presented in this page mirror the period for which PPD data are available.

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Louisiana Parochial Employees, 2001-2022

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	8.7	6.5
2002	8.2	0.0	8.7	7.6
2003	8.3	3.3	10.5	11.6
2004	12.2	1.3	11.8	13.5
2005	13.7	0.0	13.7	12.8
2006	13.4	1.4	14.3	14.8
2007	12.4	0.0	13.9	8.7
2008	11.7	0.0	12.8	7.9
2009	11.3	3.1	14.4	14.4
2010	15.2	0.0	15.5	12.9
2011	15.1	0.0	16.4	15.1
2012	14.9	1.1	18.1	16.0
2013	16.0	0.0	20.3	15.3
2014	16.3	0.0	20.6	15.8
2015	15.0	0.0	20.3	13.6
2016	13.4	0.0	21.0	11.2
2017	13.2	0.0	19.7	11.4
2018	11.9	0.0	20.7	9.9
2019	12.2	0.0	20.8	10.8
2020	12.9	0.0	21.5	12.9
2021	12.8	0.0	21.9	11.8
2022	12.3	0.0	22.3	11.3

Note: The employer's annual required contribution as a percent of payroll is calculated by dividing the dollar amount reported in the schedule of employer contributions by the covered payroll reported in the schedule of funding. The U.S. Average Employer data reflects the average for plans of similar type and social Security coverage to the plan.

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

While funded ratios among pension plans vary substantially, in the aggregate, public pension funding levels rose steadily during the 1990s, due largely to strong returns in global equity markets. Since then, sharp market downturns in 2000-02 and 2008-09 negatively affected asset values and increased unfunded pension liabilities and required contributions. A combination of the market downturns, insufficient contributions (for some plans), and increased benefit levels (also for some plans) resulted in a decline in aggregate funding level between 2001 and 2012, and has since remained relatively stable.

Actuarial Funded Ratio for Louisiana Parochial Employees, 2001-2022

Fiscal Year	Louisiana Parochial Employees	National Data
2001	92.3	101.7
2002	92.5	94.8
2003	92.8	89.0
2004	93.5	87.2
2005	94.3	85.4
2006	95.0	85.3
2007	96.9	86.3
2008	96.0	84.4
2009	96.9	78.4
2010	97.2	75.7
2011	97.6	74.3
2012	86.8	72.3
2013	92.5	71.9
2014	96.9	73.2
2015	97.2	73.2
2016	99.3	71.6
2017	99.6	72.1
2018	96.3	72.4
2019	97.6	72.5
2020	98.1	72.7
2021	103.5	76.2
2022	102.4	77.1

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

The major asset allocation classes presented in the PPD are generated from the specific asset classes that plans report. For consistent reporting in the PPD, the individual asset classes reported by plans are categorized as one of eight major asset classes: equity, fixed income, real estate, private equity, hedge funds, commodities, misc. alternative assets, cash, and other. For more details on the PPD allocation data please see documentation.

Asset Allocation for Louisiana Parochial Employees, 2022

Category	Percent
Equities	49.2
Fixed Income	31.5
Private Equity	0.0
Real Estate	0.0
Cash	0.8
Other	0.0
Commodities	0.0
Hedge Fund	0.0
Misc. Alternatives	18.4

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2022

Category	Percent
Equities	42.7
Fixed Income	20.8
Private Equity	13.0
Real Estate	10.2
Cash	2.1
Other	0.6
Commodities	2.3
Hedge Fund	6.5
Misc. Alternatives	1.8

Note: The most recent year of data contains virtually all the plans in the PPD.

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Louisiana Parochial Employees, 2001-2022

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
2019	53.7	32.0	0.0	5.3	1.8	0.0	0.0	0.0	7.2
2020	54.2	29.5	0.0	4.4	3.8	0.0	0.0	0.0	8.1
2021	54.6	28.7	0.0	0.0	1.2	0.0	0.0	0.0	15.5
2022	49.2	31.5	0.0	0.0	0.8	0.0	0.0	0.0	18.4

Source: Public Plans Database

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Annual Return as of December 31 for Louisiana Parochial Employees, 2001-2022

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
2019	17.70	6.50
2020	13.40	6.40
2021	11.12	6.40
2022	-11.92	6.40

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page. The FYE date for the majority of plans is either June 30th or December 31st. Those with FYE dates that do not fall on either of those two dates are compared with the June 30th plans. The PPD average return includes plans that report gross returns and returns net of fees.

Source: Public Plans Database

National data averages are weighted by plan size.

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Annualized 5-Year Return

Louisiana Parochial Employees	PPD Sample
4.3	8.3

Annualized 10-Year Return

Louisiana Parochial Employees	PPD Sample
6.7	8.6

Cash Flows

Cash Flow vs. Total Assets (Millions)
Louisiana Parochial Employees
2001-2022

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
2019	-77.8	4,452.7
2020	-80.9	4,966.7
2021	-100.1	5,425.4
2022	-115.2	4,664.8

Source: Public Plans Database

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2022 Cash Flows for Louisiana Parochial Employees (millions)

Inflows	Outflows	Investment Gains (losses)	Change in Net Assets
162.6	277.7	-645.5	-760.6

Source: Public Plans Database

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Cash Flow as a Percentage of Assets
Louisiana Parochial Employees
2001-2022

Fiscal Year	Louisiana Parochial Employees	National Average
2001	0.0	-2.2
2002	0.3	-2.6
2003	0.3	-2.5
2004	0.9	-2.6
2005	1.0	-2.2
2006	0.3	-2.2
2007	0.6	-2.3
2008	0.9	-2.9
2009	0.7	-3.2
2010	1.3	-3.2
2011	1.0	-3.4
2012	0.3	-3.3
2013	-0.1	-3.1
2014	-0.4	-2.9
2015	-0.9	-3.1
2016	-1.4	-3.2
2017	-1.4	-2.9
2018	-2.0	-3.1
2019	-1.7	-3.1
2020	-1.6	-2.8
2021	-1.8	-2.5
2022	-2.5	-2.9

Note: The PPD average is for plans with a similar fiscal year end (FYE) date to the plan presented on this page.

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Louisiana Parochial Employees benefit descriptions.

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Plan Data: Louisiana Parochial Employees

Louisiana Parochial Employees Basics

Assets, Participants, and Benefits

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2022 Membership for Louisiana Parochial Employees

Costs

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Actuarial Funding

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Investments

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Annualized 5-Year Return

Annualized 10-Year Return

Cash Flows

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2022 Cash Flows for Louisiana Parochial Employees (millions)

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2022 Financial Reports

Benefits

Contact information (OPTIONAL)