Louisiana Teachers Basics

  • Established 1936
  • Currently open to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Louisiana Teachers, 2001-2019

Fiscal Year Net Assets (billions)
2001 11.9
2002 10.6
2003 10.5
2004 11.9
2005 12.7
2006 14.0
2007 16.1
2008 15.0
2009 11.3
2010 12.0
2011 14.6
2012 14.2
2013 15.5
2014 17.9
2015 17.9
2016 17.5
2017 19.5
2018 21.0
2019 21.7

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Louisiana Teachers US State and Local Pensions
2001 1.7 2.7
2002 1.6 2.5
2003 1.6 2.5
2004 1.5 2.3
2005 1.5 2.2
2006 1.3 2.1
2007 1.3 2.1
2008 1.3 2.0
2009 1.3 2.0
2010 1.3 1.9
2011 1.3 1.8
2012 1.2 1.7
2013 1.1 1.7
2014 1.1 1.6
2015 1.1 1.6
2016 1.1 1.6
2017 1.1 1.5
2018 1.1 1.5
2019 1.0 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 Teachers, 2001-2019

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}
2001 17.2 0.0 9.7 15.6 15.6
2002 15.9 0.0 9.9 15.2 15.2
2003 15.8 0.3 11.3 16.1 16.1
2004 16.5 1.0 13.8 17.5 17.5
2005 18.7 0.0 14.4 17.7 17.7
2006 19.8 0.0 14.4 19.2 19.2
2007 19.1 0.0 14.5 18.0 18.0
2008 20.1 0.0 14.0 17.3 17.3
2009 19.0 0.0 14.3 17.8 17.8
2010 19.0 3.8 17.1 22.7 22.7
2011 25.1 2.7 18.3 27.8 27.8
2012 29.6 0.0 20.3 29.6 29.6
2013 30.5 0.3 20.9 30.8 30.8
2014 33.4 0.0 20.1 32.4 32.4
2015 34.2 0.0 20.4 31.8 31.8
2016 32.1 0.0 20.2 30.4 30.4
2017 30.9 0.0 21.2 30.5 30.5
2018 32.2 0.0 22.9 30.7 30.7
2019 32.1 0.0 24.3 30.6 30.6

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Louisiana Teachers, 2001-2019

Fiscal Year Louisiana Teachers National Data
2001 78.4 91.0
2002 73.9 82.6
2003 68.8 77.3
2004 63.1 78.4
2005 64.6 77.2
2006 67.5 78.0
2007 71.3 80.7
2008 70.2 78.7
2009 59.1 70.1
2010 54.4 66.7
2011 55.1 65.8
2012 55.4 63.3
2013 56.4 63.7
2014 57.4 64.7
2015 60.9 65.1
2016 62.4 63.1
2017 64.5 63.8
2018 65.8 63.6
2019 67.1 63.4

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 Teachers, 2019

Category Percent
Equities 45.4
Fixed Income 17.2
Private Equity 0.0
Real Estate 0.0
Cash 4.2
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 33.2

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 Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 56.8 19.6 0.0 0.0 4.0 0.0 0.0 0.0 19.5
2002 53.9 22.6 0.0 0.0 4.5 0.0 0.0 0.0 19.1
2003 53.0 20.4 0.0 0.0 4.2 0.0 0.0 0.0 22.3
2004 54.2 18.9 0.0 0.0 7.7 0.0 0.0 0.0 19.2
2005 62.2 19.3 0.0 0.0 2.4 0.0 0.0 0.0 16.2
2006 64.1 18.7 0.0 0.0 1.5 0.0 0.0 0.0 15.7
2007 59.6 16.7 0.0 0.0 6.1 0.0 0.0 0.0 17.6
2008 54.6 19.4 0.0 0.0 4.2 0.0 0.0 0.0 21.8
2009 52.0 18.7 0.0 0.0 6.1 0.0 0.0 0.0 23.3
2010 54.4 16.1 0.0 0.0 6.1 0.0 0.0 0.0 23.4
2011 56.7 14.4 0.0 0.0 5.2 0.0 0.0 0.0 23.7
2012 48.2 17.6 0.0 0.0 6.4 0.0 0.0 0.0 27.9
2013 49.2 18.3 0.0 0.0 6.6 0.0 0.0 0.0 25.9
2014 50.8 19.6 0.0 0.0 5.0 0.0 0.0 0.0 24.6
2015 50.8 18.6 0.0 0.0 5.7 0.0 0.0 0.0 24.9
2016 47.7 18.6 0.0 0.0 7.5 0.0 0.0 0.0 26.2
2017 48.9 18.1 0.0 0.0 5.4 0.0 0.0 0.0 27.6
2018 47.1 17.3 0.0 0.0 5.1 0.0 0.0 0.0 30.6
2019 45.4 17.2 0.0 0.0 4.2 0.0 0.0 0.0 33.2

Source: Public Plans Database


Annual Return as of June 30 for Louisiana Teachers, 2001-2019

Fiscal Year Louisiana Teachers Assumed return
2001 -4.10 8.25
2002 -7.60 8.25
2003 2.70 8.25
2004 18.20 8.25
2005 10.90 8.25
2006 14.30 8.25
2007 19.70 8.25
2008 -4.80 8.25
2009 -22.30 8.25
2010 12.60 8.25
2011 26.80 8.25
2012 0.10 8.25
2013 13.90 8.00
2014 19.90 7.75
2015 3.10 7.75
2016 1.60 7.75
2017 16.50 7.70
2018 12.10 7.65
2019 6.60 7.55

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Louisiana Teachers
2001-2019

Fiscal Year Cash Flow Assets
2001 -266.6 11,855.0
2002 -306.8 10,628.5
2003 -363.7 10,520.7
2004 -404.3 11,893.4
2005 -394.5 12,685.9
2006 -468.5 14,007.6
2007 -530.8 16,148.7
2008 -456.4 14,996.2
2009 -512.6 11,250.3
2010 -579.5 12,021.4
2011 -480.0 14,577.2
2012 -439.5 14,189.0
2013 -564.7 15,490.2
2014 -538.7 17,900.0
2015 -446.0 17,896.4
2016 -539.0 17,538.0
2017 -640.1 19,513.3
2018 -615.9 21,046.7
2019 -629.5 21,652.5

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Louisiana Teachers
2001-2019

Fiscal Year Louisiana Teachers National Average
2001 -2.2 -0.9
2002 -2.9 -1.5
2003 -3.5 -1.6
2004 -3.4 -0.5
2005 -3.1 -2.0
2006 -3.3 -2.1
2007 -3.3 -2.1
2008 -3.0 -1.9
2009 -4.6 -3.4
2010 -4.8 -3.3
2011 -3.3 -3.2
2012 -3.1 -3.8
2013 -3.6 -3.7
2014 -3.0 -3.4
2015 -2.5 -3.2
2016 -3.1 -3.4
2017 -3.3 -2.9
2018 -2.9 -2.8
2019 -2.9 -2.4

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Louisiana Teachers benefit descriptions.