Louisiana SERS Basics

  • Established 1947
  • Currently open to new hires
  • Plan covers state employees
  • Plan members not covered by Social Security
  • Single employer

Assets, Participants, and Benefits

Assets at Year-End, Louisiana SERS, 2001-2023

Fiscal Year Net Assets (billions)
2001 6.08
2002 5.62
2003 5.72
2004 6.61
2005 7.23
2006 8.01
2007 9.35
2008 8.96
2009 7.10
2010 8.06
2011 9.70
2012 9.52
2013 10.33
2014 11.62
2015 11.42
2016 10.72
2017 11.75
2018 12.28
2019 12.28
2020 11.42
2021 14.72
2022 13.24
2023 14.50

Source: Public Plans Database

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Number of Actives per Annuitant, 2001-2023

Fiscal Year Louisiana SERS US State and Local Pensions
2001 1.9 2.4
2002 1.9 2.3
2003 1.8 2.2
2004 1.8 2.1
2005 1.7 2.1
2006 1.5 2.0
2007 1.5 2.0
2008 1.5 1.9
2009 1.5 1.9
2010 1.4 1.8
2011 1.3 1.7
2012 1.2 1.6
2013 0.9 1.5
2014 0.8 1.4
2015 0.8 1.4
2016 0.8 1.4
2017 0.8 1.4
2018 0.8 1.3
2019 0.8 1.3
2020 0.8 1.3
2021 0.8 1.2
2022 0.7 1.2
2023 0.8 1.2

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 SERS, 2001-2023

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll
2001 14.6 0.0 8.7 14.5
2002 14.6 0.4 8.7 15.0
2003 16.1 0.9 10.5 17.0
2004 17.4 0.8 11.8 18.2
2005 19.4 0.2 13.7 19.6
2006 19.9 1.5 14.3 21.4
2007 19.4 0.6 13.9 20.0
2008 21.6 0.0 12.8 18.7
2009 19.8 0.0 14.4 19.2
2010 20.0 2.9 15.5 23.0
2011 24.1 4.1 16.4 28.2
2012 28.3 2.2 18.1 30.5
2013 34.6 4.0 20.3 38.6
2014 33.8 5.4 20.6 39.1
2015 38.9 0.0 20.6 37.6
2016 39.0 0.0 21.5 37.7
2017 37.1 1.4 21.4 38.5
2018 38.9 0.0 22.5 38.0
2019 38.9 0.0 22.6 36.7
2020 41.9 0.0 23.4 39.3
2021 42.2 0.0 23.6 39.7
2022 41.5 0.0 24.1 40.9
2023 41.6 0.0 23.6 38.9

Source: Public Plans Database

National data averages are weighted by plan size.

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Actuarial Funding

Actuarial Funded Ratio for Louisiana SERS, 2001-2023

Fiscal Year Louisiana SERS National Data
2001 74.2 101.7
2002 70.2 94.6
2003 66.2 88.8
2004 59.6 87.0
2005 61.5 85.4
2006 64.3 85.2
2007 67.2 86.3
2008 67.6 84.4
2009 60.8 78.4
2010 57.7 75.7
2011 57.6 74.3
2012 55.9 72.3
2013 60.2 71.8
2014 59.3 73.2
2015 62.1 73.2
2016 62.6 71.6
2017 63.7 72.0
2018 64.7 72.4
2019 64.1 72.5
2020 64.1 72.6
2021 66.0 75.8
2022 66.5 76.2
2023 68.5 74.2

Source: Public Plans Database

National data averages are weighted by plan size.

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Investments

Asset Allocation for Louisiana SERS, 2023

Category Percent
Equities 53.0
Fixed Income 18.0
Private Equity 0.0
Real Estate 0.0
Cash 1.1
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 27.9

Source: Public Plans Database

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Asset Allocation for State and Local Pensions, 2023

Category Percent
Equities 42.2
Fixed Income 20.5
Private Equity 14.0
Real Estate 10.5
Cash 1.8
Other 0.1
Commodities 2.7
Hedge Fund 6.6
Misc. Alternatives 1.8

Source: Public Plans Database

National data averages are weighted by plan size.

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Asset allocation for Louisiana SERS, 2001-2023

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 61.2 32.8 4.8 0.0 0.1 0.0 0.0 1.1 0.0
2002 58.2 36.4 4.1 0.0 0.1 0.0 0.0 1.2 0.0
2003 57.9 35.4 4.1 0.0 1.4 0.0 0.0 1.2 0.0
2004 63.5 24.7 4.4 0.0 4.6 0.0 0.0 2.8 0.0
2005 62.8 25.2 4.7 0.0 2.4 0.0 0.0 4.9 0.0
2006 63.4 23.9 5.2 0.0 2.4 0.0 0.0 5.1 0.0
2007 64.3 20.3 6.1 0.0 4.3 0.0 0.0 4.9 0.0
2008 54.8 20.9 8.4 0.0 1.0 0.0 0.0 14.9 0.0
2009 50.0 24.0 11.3 0.0 1.0 0.0 0.0 13.7 0.0
2010 48.2 25.0 0.0 0.0 1.6 0.0 0.0 0.0 25.2
2011 50.0 22.0 0.0 0.0 3.0 0.0 0.0 5.0 20.0
2012 50.0 20.0 0.0 0.0 3.0 0.0 0.0 6.0 21.0
2013 53.0 16.0 0.0 0.0 3.0 0.0 0.0 6.0 22.0
2014 54.9 13.7 0.0 0.0 2.9 0.0 0.0 6.5 22.0
2015 54.5 14.2 0.0 0.0 3.2 0.0 0.0 6.5 21.6
2016 53.0 15.4 0.0 0.0 3.0 0.0 0.0 7.0 21.6
2017 56.3 16.0 0.0 0.0 1.2 0.0 0.0 6.4 20.1
2018 56.7 16.2 0.0 0.0 1.0 0.0 0.0 6.5 19.6
2019 54.6 15.8 0.0 0.0 0.6 0.0 0.0 7.3 21.7
2020 47.5 19.4 0.0 0.0 4.6 0.0 0.0 6.5 22.0
2021 56.5 18.4 0.0 0.0 1.3 0.0 0.0 0.0 23.8
2022 51.9 19.2 0.0 0.0 0.9 0.0 0.0 0.0 28.0
2023 53.0 18.0 0.0 0.0 1.1 0.0 0.0 0.0 27.9

Source: Public Plans Database

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Annual Return as of June 30 for Louisiana SERS, 2001-2023

Fiscal Year Louisiana SERS Assumed return
2001 -6.10 8.25
2002 -5.70 8.25
2003 4.20 8.25
2004 18.00 8.25
2005 10.20 8.25
2006 11.90 8.25
2007 19.20 8.25
2008 -3.80 8.25
2009 -19.10 8.25
2010 16.10 8.25
2011 24.30 8.25
2012 0.20 8.25
2013 12.60 8.00
2014 18.80 7.75
2015 1.70 7.75
2016 -2.40 7.75
2017 15.80 7.70
2018 9.50 7.65
2019 4.40 7.60
2020 -3.80 7.55
2021 35.60 7.40
2022 -7.20 7.25
2023 11.70 7.25

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 SERS
2001-2023

Fiscal Year Cash Flow Assets
2001 -112.8 6,083.7
2002 -139.3 5,619.9
2003 -129.1 5,718.7
2004 -116.1 6,608.0
2005 -69.6 7,226.1
2006 -83.9 8,008.5
2007 -143.1 9,351.1
2008 -52.7 8,957.9
2009 -131.7 7,100.3
2010 -187.8 8,064.5
2011 -220.2 9,703.5
2012 -210.6 9,515.8
2013 -328.5 10,327.6
2014 -494.1 11,624.9
2015 -375.4 11,415.2
2016 -409.9 10,723.7
2017 -505.1 11,753.3
2018 -496.3 12,283.7
2019 -467.0 12,282.7
2020 -397.4 11,420.7
2021 -422.5 14,716.3
2022 -477.6 13,238.6
2023 -136.2 14,499.0

Source: Public Plans Database

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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 SERS
2001-2023

Fiscal Year Louisiana SERS National Average
2001 -1.9 -2.0
2002 -2.5 -2.4
2003 -2.3 -2.5
2004 -1.8 -1.8
2005 -1.0 -2.2
2006 -1.0 -2.2
2007 -1.5 -2.0
2008 -0.6 -2.1
2009 -1.9 -3.1
2010 -2.3 -3.2
2011 -2.3 -3.0
2012 -2.2 -3.2
2013 -3.2 -3.1
2014 -4.3 -2.9
2015 -3.3 -2.7
2016 -3.8 -2.9
2017 -4.3 -2.8
2018 -4.0 -2.4
2019 -3.8 -2.4
2020 -3.5 -2.3
2021 -2.9 -2.0
2022 -3.6 -1.9
2023 -0.9 -1.9

Source: Public Plans Database

National data averages are weighted by plan size.

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2022 Financial Reports

Benefits

Website for Louisiana SERS benefit descriptions.