Legal Opinion
Opinion Number
Louisiana Attorney General Reports
Decided May 24, 2011Published
1Opinion of the Court
Dear Mr. Purpera,
Your opinion request for an Attorney General's Opinion has been assigned to me for research and reply. You requested an opinion concerning La.R.S. 11:1144(B)(3) and its application to the Louisiana School Employees' Retirement System ("LSERS")1 when the funded status of the system falls below one-hundred percent.
You provided that the actuarial valuations for LSERS from June 30, 1991 through June 30, 2001, reflected system assets exceeding the accrued liability, thus, the system was overfunded and maintained a surplus. The ratio of assets to accrued liability remained over…
2Cases cited3 opinions
- Louisiana Municipal Association v. StateSupreme Court of Louisiana · 2005
- City of New Orleans v. ASSESSORS'RETIREMENT AND RELIEF FUNDSupreme Court of Louisiana · 2008
- Strickland v. State ex rel. Office of the GovernorSupreme Court of Louisiana · 1988