Louisiana Pensions Among Most Underfunded
A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
Amendment Steers State Surplus Money Towards Looming Retirement Debts
Due to a scheduled larger share of offshore oil and gas revenues from the federal government, some lawmakers anticipate future surpluses.
Plan To Clear Unfunded Liabilities Passes House Comfortably
Rep. Kevin Pearson’s retirement reform bill passed the Louisiana House by a comfortable, bipartisan margin on Monday. His legislation provides for a readjustment of the final average compensation (FAC) for state employees that would be used to pay down unfunded accrued liabilities.