Public Retirement Systems' Actuarial Committee
| Name | Public Retirement Systems' Actuarial Committee |
| Contact Person | SENATOR EDWARD PRICE - CHAIRMAN |
| Mailing Address |
MJ JOHNSON - LOUISIANA STATE SENATE POST OFFICE BOX 94183 BATON ROUGE, LA 70802 |
| Phone Number | 225-342-0656 |
| Fax Number | 225-381-0979 |
| Board Email | PRSAC@LEGIS.LA.GOV |
| Website | http://www.doa.la.gov/Pages/prsac/Index.aspx |
| Legal Authority | R.S. 11:121-127 |
| Year Created | 1988 |
| Organizational Placement | DEPARTMENT OF TREASURY |
| Purpose/Function | The Public Retirement Systems’ Actuarial Committee (PRSAC) was created by the Louisiana Legislature in 1988 to ensure orderly and consistent strategies for continuing development and growth of Louisiana’s state and statewide retirement systems, pension plans, and funds in order to attain and maintain their fiscal soundness. |
| Number of Entity Members: |
Number Authorized: 7
Number Currently Serving: 7 |
| Number of Entity Meetings: |
Actual number in prior year: 4
Estimated number in current year: 4 |
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The Entity is: Active Inactive Not fully organized Disbanded Never fully organized |
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Do members receive per diem, salaries, and/or travel expense reimbursements? Yes No |
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Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds? Yes No |
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Entity Member Per Diem: Amount Authorized: $0 per meeting per meeting day per day spent on board business None |
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Total entity member per diem: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Salaries: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Travel Expense Reimbursement: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Number and Type of Authorized Employee Positions: Classified: 0 Unclassified: 0 Part-time: 0 |
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Entity Fiscal Year End: 4/30 7/31 10/31 Other (identify date) 6/30 9/30 12/31 None |
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Participation in State Employee Benefit Programs: Employees: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs Members: participate in state retirement system(s) and/or state group insurance program(s) do not participate in state benefit programs |
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A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments State Agency: LEGISLATORS MAY REQUEST A PER DIEM Travel Reimbursements State Agency: Other (explain) State Agency: |
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Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2? Yes No If yes, identify the budget unit and the budget schedule number below: Budget Unit Name: Budget Schedule Number: |
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| Notes | 01/19/24 | 2024 Contribution Table Posted - MJ 01/19/24 | Revised Member Listing - MJ 12/21/23 | Valuations sent to DOA for posting -MJ 11/15/23 | Updated Meeting Notices & 2022 Valuations & 2022 LLA Reviews 12/08/22 | Updated: Board, Contacts, Members, Notices, Minutes & Notes - MJohnson 1/21/22 Updated all pages and submitted status J Watson 11/19/21 Representative Phillip DeVillier added as chairman JWatson 10/15/20 Updated all pages and submitted status JWatson 1/22/20 Updated all pages and submitted status KRome 1/10/19 Updated all pages and submitted status KRome 1/8/18 Updated State Treasurer and Designee KRome 10/9/17 - updated contact info KRome 7/18/16 - Updates reflect new Chairman & Vice Chairman chosen at the 6/7/16 meeting. State retirement systems voted for Shelly Johnson to be their PRSAC voting member effective 7/11/16. Newly elected Governor John Bel Edwards appointed Jay Dardenne as Commissioner of Administration. All other updates to membership have been made to date. 1/20/16 LMartin Effective 10/15/15, Governor Jindal appointed Stafford Palmieri as Commission of Administration to replace Kristy Nichols. At its meeting of 3/6/14, PRSAC elected Daryl Purpera, Legislative Auditor, as its new chairman, and Benjamin Huxen, Designee for Commissioner Kristy Nichols as the Vice Chairman. All approved minutes have been posted to date. Senate Secretary Clarissa Moore is completing minutes from meetings when Senator Guillory was chairman: September 4, 2013, and March 6, 2014. |