Transcription of PERS NEWS
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PERS NEWS
ISSUE 87 July 2017 A PUBLICATION OF THE PAROCHIAL EMPLOYEES RETIREMENT SYSTEM OF louisiana pers news 2016 AUDIT AND ACTUARIAL REPORTS APPROVED At the June 20, 2017 meeting, the Board of Trustees approved the 2016 Audit and 2016 Actuarial Report for the Parochial Employees Retirement System. The 2018 employer contribution rates were approved at of payroll for Plan A and of payroll for Plan B. The market rate of return was for Plan A and Plan B for the year ending 12/31/16. The actuarial rate of return for the year ending 12/31/16 was for Plan A and for Plan B. The actuarial rate of return utilizes a five year average. For the 12/31/16 valuation, salary increases were below projected levels and resulted in a cost savings to the plan. Our actuary assumes that the salary scale for the membership will increase from one year to the next.
issue 87 july 2017 a publication of the parochial employees’ retirement system of louisiana
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