Monday, January 27, 2014

LASERS Investment Return 15.8 Percent for 2013

The Louisiana State Employees' Retirement System (LASERS) realized a 15.8 percent investment return for the period January 1-December 31, 2013. This calendar year-to-date performance is based on LASERS total plan, with a current market value exceeding $10 billion. Over the past five years, LASERS has posted a 13.8 percent return.

LASERS placed in the top 20th percentile or better for long-term rankings in Wilshire's Trust Universe Comparison Service (TUCS) most recent comparison. LASERS 10-year ranking was in the eleventh percentile, maintaining the retirement system's place as one of the nation's top state pension plans. TUCS is the most widely accepted benchmark for the performance of institutional assets and represents the largest database of any peer-comparison service in the industry.

LASERS Executive Director Cindy Rougeou said, "For the past four years, we have experienced positive market returns, which is a reflection of LASERS sound investment strategies. We will continue to manage LASERS investments prudently, functioning as a long-term investor."

LASERS provides a defined benefit pension plan that covers approximately 150,000 members. LASERS pays over $1 billion in annual benefits to retirees and their beneficiaries, providing a strong and reliable economic stimulus for Louisiana. 

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