LASERS tenth year to win prestigious Public Pension Standards Award
The Louisiana State Employees’ Retirement System (LASERS) has been awarded the 2013 Public Pension Standards Award for the tenth consecutive year. Presented by the Public Pension Coordinating Council (PPCC), this award recognizes those public employee retirement systems that achieve high professional standards in the areas of plan design and administration, benefits, actuarial valuations, financial reporting, investments, and membership communications.
The PPCC is a confederation of the National Association of State Retirement Administrators, the National Conference on Public Employee Retirement Systems, and the National Council on Teacher Retirement.
LASERS Executive Director Cindy Rougeou said, “It is an honor for LASERS to be recognized on a national level among our peers. The PPCC sets a high bar, and the award speaks to the prudent management of our System.”
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.