National Association of State Retirement Administrators

Louisiana

Major public retirement systems in the state of Louisiana include the Louisiana State Employees' Retirement System (LASERS), the Louisiana Teachers Retirement System (TRS), and the Parochial Employees' Retirement System.

The LASERS, a qualified defined benefit pension plan, was created in 1946. It provides guaranteed benefits to state employees, elected judges, and certain other elected officials. Members of LASERS do not contribute to Social Security and their pension benefit is the only guaranteed retirement income.

TRS of Louisiana administers pension and other benefits to employees who meet the definition of teacher at public educational institutions of the state. TRS also administers an optional defined contribution plan for academic employees of state higher educational institutions.

PERSLA is a defined benefit plan which provides retirement and other allowances to retired employees of all civil parishes in Louisiana with the exception of Orleans East Baton Rouge, and Lafourche.

Authorizing Statute

Sections pertaining to retirement in Louisiana:

Title 58 of the Louisiana Administrative Code 

Title 11 of the Louisiana Revised Statutes

Board Composition

   

Plan

Board Size

Appointed

Elected

Plan Members

Ex Officio

Louisiana Teachers Retirement System

16

0

12

12

4

Louisiana State Employees Retirement System

13

0

9

9

4

 Parochial Employees' Retirement System

7 1 0 4 2

Contributions

Per the U.S. Census, in FY 2011, employer contributions to Louisiana state and local government pension plans were 4.61 percent of all state and local government direct general spending.

Constitutional Protections

Membership in any retirement system of the state of a political subdivision thereof shall be a contractual relationship between employee and employer, and the state shall guarantee benefits payable to a member of a state retirement system or retiree or to his lawful beneficiary upon his death... The accrued benefits of members of any state or statewide public retirement system shall not be diminished or impaired. Future benefit provisions for members of the state and statewide public retirement systems shall only be altered by legislative enactment. But see Louisiana Municipal Association v. State, Sup.2005, 893 So.2d 809, 2004-0227 (La. 2005)(state constitutional mandate of actuarial soundness of state and statewide public retirement systems does not dictate how that actuarial soundness is to be accomplished and does not prescribe how the retirement systems are to be funded; mechanism by which actuarial soundness is achieved is left to the discretion of the legislature). (LA CONST., Article X, §29) Source: Robert Klausner, Esq., State Constitutional Protections for Public Sector Retirement Benefits

Flag of Louisiana (May 7, 2006)

Population (2015) 4,670,724

Louisiana public pension statistics, per U.S. Census Bureau as of FY 2015 ($ in 000s)

Assets

$46,019,184

Active Members

200,171

Annuitants

174,879

Benefits Paid

$4,188,444

Employee Contributions

$735,074

Employer Contributions

$3,055,085

Systems

32

More Data

Other Resources