Assessors' Retirement System Board of Trustees public meetings in 2024
6 substantive meetings from 2024, with official agendas or minutes and plain-English summaries.
Assessors' Retirement System Board of Trustees
The Retirement Board of the Louisiana Assessors' Association will meet to consider a letter of authorization for attorney Robert Schmidt to research the vehicle allowance statute. The board will also nominate a candidate to fill the Employee Representative vacancy for the term ending December 31, 2025.
- Consider 'Letter of Authorization' from Robert Schmidt (Kean Miller) to research vehicle allowance statute
- Nomination to fill Employee Representative vacancy (term 1/1/2025 to 12/31/2025)
- Approval of minutes from October 22, 2024 meeting
- Public comment period
The Board elected Kristin Gonzalez to fill the Employee Representative vacancy for the term starting January 1, 2025. The Board also approved a conflict waiver for Robert Schmidt of Kean Miller to conduct research on the Assessors’ Automobile Allowance.
- Approved minutes from the October 22, 2024 meeting
- Elected Kristin Gonzalez as Employee Representative for the term January 1, 2025 to December 31, 2025
- Approved Conflict of Waiver Request for Robert Schmidt (Kean Miller) to research Assessors’ Automobile Allowance
Assessors' Retirement System Board of Trustees
The Retirement Board of Trustees of the Louisiana Assessors' Association will review and approve an amended 2024-2025 LARF budget, hear a preliminary performance review of investments, and discuss a 2025 experience study. The board will also elect district representatives and fill a vacancy for an employee representative position.
- Review and approval of amended 2024-2025 LARF budget
- Performance review of investments by Mariner Institutional as of September 30, 2024
- Presentation and discussion of 2025 Experience Study by Curran Actuarial Consulting
- Nomination and election of district representatives for two-year terms (2025-2026)
- Discussion of vacancy in Employee Representative position effective January 1, 2025
The Board approved the August 2024 financial report and authorized moving approximately $16 million in assets to Core Fixed Income. Members approved an amended 2024-2025 budget and a proposal for a 2025 Experience Study. The Board also elected District Representatives and set the 2025 meeting schedule.
- Approved August 31, 2024 Financial Report
- Approved 3rd Quarter 2024 Retirement System Refunds, Transfers, Reciprocals, Retirements and Deaths report
- Approved moving ~$1M from Real Estate and $15M from Fidelity Total Market Index to Orleans Capitol
- Approved updates to Investment Policy Statement regarding pecuniary factors and proxy voting
- Approved $10,400 proposal for 2025 Experience Study by Curran Actuarial Consulting, Ltd.
- Approved 2025 quarterly meeting dates
- Approved nominations for District Representatives (Districts 2, 4, 6, 7, and 8)
- Approved amended 2024-2025 LARF Budget
Assessors' Retirement System Board of Trustees
The Louisiana Assessors' Retirement System Board of Trustees will meet to review financial reports, consider investment policy changes and a new fee schedule from Mariner Institutional, approve an actuarial services contract, and discuss ongoing litigation involving the Recreation and Park Commission for East Baton Rouge Parish.
- Presentation by Mariner Institutional on investment performance and proposed fee schedule
- Approval of actuarial services contract for Curran Actuarial Consulting
- Review and approval of auditor engagement letters for LARF fiscal year ending September 30, 2024
- Approval of Retirement Fund budget for FY 2024-2025
- Discussion of litigation: Recreation and Park Commission for East Baton Rouge Parish v. Sid J. Gautreaux, III
The Board approved the retirement fund budget for the fiscal year starting October 1, 2024, and authorized the withdrawal of $2.15 million from Westfield for operating cash needs. New service agreements were approved for Mariner Institutional and Curran Actuarial Consulting, Ltd. The Board also authorized three audit engagement letters with Hawthorn, Waymouth & Carroll.
- Approved FY 2024-2025 Retirement Fund Budget (unanimous)
- Approved withdrawal of $2,150,000 from Westfield for operating account (unanimous)
- Approved new Mariner Institutional fee schedule for FY 2025-2027 (unanimous)
- Approved two-year contract with Curran Actuarial Consulting, Ltd. (unanimous)
- Approved three engagement letters for Hawthorn, Waymouth & Carroll audits (unanimous)
- Approved May 31, 2024 Financial Report and Budget Comparison (unanimous)
- Approved 2nd Quarter 2024 Retirement System Refunds, Transfers, Reciprocals, Retirements and Deaths report (unanimous)
- Accepted amended September 2023 Valuation Report (unanimous)
Assessors' Retirement System Board of Trustees
The Louisiana Assessors' Retirement System Board of Trustees will consider adopting the employer contribution rate for the Louisiana Assessors' Retirement Fund (LARF), effective October 1, 2024, contingent on PRSAC approval of the valuation report. The board will also review and approve the annual audits for fiscal year September 30, 2023, and receive an update on 2024 retirement legislation. An executive session is planned to discuss litigation involving the Recreation and Park Commission for East Baton Rouge Parish.
- Adoption of employer contribution rate effective October 1, 2024, contingent on PRSAC approval
- Presentation and approval of LARF Financial Audit and Employer Pension Audit for FY September 30, 2023
- Performance review as of March 31, 2024, by Marston Group
- Update on 2024 retirement legislation by attorney Laura Gail Sullivan
- Executive session on litigation: Recreation and Park Commission for East Baton Rouge Parish v. Sid J. Gautreaux, III
The committee appointed Billy McBride to fill a vacancy following the resignation of Shelia Walker. The board also approved the January 23, 2024, meeting minutes and the March 31, 2024, financial reports.
- Appointed Lincoln Parish Assessor Billy McBride to the Insurance Committee
- Approved January 23, 2024 meeting minutes (unanimous)
- Accepted March 31, 2024 Financial reports
Assessors' Retirement System Board of Trustees
The Retirement Board of Trustees will discuss 2024 legislation, specifically Senate Bill 5, and receive an update from investment consultant AndCo on its acquisition by Mariner. The board will also hear a financial report and an update from the New Building Renovation Committee. Routine items include approval of previous meeting minutes and public comment.
- Discussion of 2024 Legislation, Senate Bill 5
- Presentation by Jon Breth, AndCo, on acquisition by Mariner
- Financial report by Staff Accountant Anna Wessman
- Update from New Building Renovation Committee
- Approval of minutes from January 23, 2024 meeting
The Board approved the January 2024 financial report and authorized the Executive Director to sign a consent form regarding the acquisition of AndCo Consulting. The Board also authorized a Legislative Sub Committee to monitor Senate Bill 5 and approved $50,000 for exterior building upgrades.
- Approved January 23, 2024 meeting minutes
- Approved January 2024 Financial Report
- Authorized Executive Director to sign AndCo Consulting consent form
- Authorized Legislative Sub Committee to monitor Senate Bill 5
- Approved $50,000 for landscaping, irrigation, a lighted flag pole, and a brick sign
Assessors' Retirement System Board of Trustees
The Retirement Board of Trustees will hear a financial report, investment performance review, and actuarial funding status update. They will also discuss a resolution to demand Orleans Ad Valorem funds from the State Treasurer and review pending litigation. The meeting includes public comment and approval of previous minutes.
- Financial report by Staff Accountant Anna Wessman
- Performance review as of 12/31/2023 by Jon Breth, AndCo Investment Consultant
- Actuarial report for September 30, 2023 fiscal year by G.S. Curran & Company
- Resolution for demand to State Treasurer for Orleans Ad Valorem funds if not received by March 2024
- Litigation update: Recreation and Park Commission for the Parish of East Baton Rouge v. Sid J. Gautreaux
The Board approved the November 2023 financial report and the 2023 year-end actuarial valuation. Members authorized a shift of $17 million in investment funds and approved a bill to align deferred retirement language with eligibility statutes. The Board also authorized a resolution for demand to the LA State Treasurer’s Office if specific funds are not received by March 2024.
- Approved October 17, 2023 meeting minutes
- Approved November 2023 Financial Report
- Approved 4th Quarter 2023 Retirement System Refunds, Transfers, Reciprocals, Retirements and Deaths report
- Approved moving $15 million from DE Shaw ($10 million to Orleans Capital and $5 million to Loomis & Sayles) and $2 million from Real Estate Manage Accounts to Loomis Sayles
- Approved September 30, 2023 Fiscal Year End Valuation Funding and GASB reports
- Authorized execution of Resolution for Demand to LA State Treasurer’s Office for Orleans Ad Valorem Funds if not received by March 2024
- Approved moving forward with a bill authored by Senator Ed Price to align Revised Statute 11:1452 with R.S. 11:1421