Major pension plans in the state
Plan Name | Assets (millions) | Participants | Funded Ratio | Percent of ARC Paid | Retirement System that Administers the Plan |
---|---|---|---|---|---|
Louisiana SERS | 13,238.6 | 92,172 | 66.5 | 101.7 | Louisiana State Employees Retirement System |
Louisiana Teachers | 25,050.9 | 180,381 | 73.7 | 111.9 | Louisiana Teachers Retirement System |
Louisiana Municipal Police | 2,478.3 | 12,717 | 77.1 | 100.0 | Louisiana Municipal Police |
Louisiana Schools | 2,141.8 | 26,407 | 75.5 | 100.0 | Louisiana Schools |
Louisiana Parochial Employees | 4,664.8 | 26,237 | 102.4 | 109.4 | Louisiana State Parochial Employees |
Baton Rouge City-Parish ERS | 1,219.5 | 6,734 | 66.2 | 99.8 | Baton Rouge City Parish Retirement System |
New Orleans ERS | 422.2 | 5,309 | 58.8 | 105.0 | New Orleans Employees' Retirement System |
Louisiana Municipal Employees | 1,077.7 | 17,112 | 74.5 | 100.4 | Louisiana Municipal Employees |
New Orleans Firefighters | 64.1 | 1,769 | 10.8 | 80.4 | New Orleans Firefighters |
Source: Public Plans Database (as of 2022)
Public Cost
Annual Required Contribution as percent of State and Local Own-Source Revenue, 2001-2022
Fiscal Year | LA | US |
---|---|---|
2001 | 5.4 | 2.9 |
2002 | 5.2 | 3.0 |
2003 | 4.8 | 3.4 |
2004 | 6.0 | 4.2 |
2005 | 5.8 | 3.8 |
2006 | 7.4 | 3.7 |
2007 | 7.7 | 3.9 |
2008 | 8.6 | 4.2 |
2009 | 8.1 | 4.4 |
2010 | 6.8 | 4.6 |
2011 | 8.2 | 4.9 |
2012 | 9.3 | 5.0 |
2013 | 12.4 | 5.2 |
2014 | 12.6 | 5.6 |
2015 | 11.1 | 5.8 |
2016 | 9.8 | 6.1 |
2017 | 8.2 | 6.0 |
2018 | 8.0 | 6.4 |
2019 | 8.3 | 6.2 |
2020 | 7.3 | 6.6 |
2021 | 8.3 | 6.3 |
2022 | 8.1 | 7.5 |