From The Advocate:
The Louisiana State Employees Retirement System received the 2014 Public Pension Standard Award for the 11th consecutive year. The award for plan funding and administration excellence is presented by the Public Pension Coordinating Council.
LASERS Executive Director Cindy Rougeou said the award is “another example of how LASERS benefits Louisiana.”
LASERS administers a defined benefit pension plan that covers approximately 150,000 members. It pays more than $1 billion in annual benefits to retirees and their beneficiaries.