Louisiana Lawmakers Weigh Uses for Pension System’s $300 Million Reserve

Louisiana’s state pension systems have $300 million sitting in “reserve” accounts; the money is meant to fund future cost-of-living increases. But lawmakers have begun eyeing the money, and are now weighing ways to use the money for other purposes. One lawmaker, Senator Elbert Guillory [R-Opelousas], wants to use the money to give retirees an ...

Louisiana’s Annual Pension Contribution Reduced By Actuarial Committee

Louisiana’s annual payment to its pension systems will be cut by $120 million next fiscal year. The state retirement systems’ actuaries approved the payment reduction on Wednesday. From the Advocate: State agencies and local school boards won’t have to pay as much next fiscal year to cover pension costs for active employees after action Wednesday ...
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