Wednesday, October 31, 2007
2007 LASERS Board of Trustees Election - Results
One new trustee and four incumbents were elected to serve four-year terms on the governing board of the Louisiana State Employees’ Retirement System (LASERS). The votes were cast by actively-employed and retired members of LASERS.
In the active-member election, Charles F. Castille was elected with 20.09 percent of the vote. Mr. Castille is employed as Undersecretary of the Louisiana Department of Health and Hospitals. He has been a member of LASERS since 1975. This is Mr. Castille’s first term on the LASERS Board of Trustees.
Sheryl M. Ranatza, Deputy Warden of the Louisiana State Penitentiary, was re-elected as an active-member trustee with 24.79 percent of the vote; and Trudy M. White, a Baton Rouge City Court judge, won another term on the board with 23.59 percent of the vote.
In the retired-member election, Connie Carlton, a former Assistant Director of LASERS, was returned to the board with 33.36 percent of the vote; and Barbara McManus McCann, retired from the Office of Family Support, won another term with 25.57 percent of votes cast.
The LASERS Board of Trustees oversees the $9 billion LASERS trust fund, which is the source of the benefits that the system pays to its members and their beneficiaries. The board is composed of 12 members. Nine trustees are elected by active and retired members of LASERS. Three trustees serve as ex officio members: the Louisiana State Treasurer; the Chair of the Louisiana Senate Committee on Retirement; and the Chair of the Louisiana House of Representatives Committee on Retirement.
The LASERS Board of Trustees election takes place every odd-numbered year. LASERS trustees serve staggered four-year terms.