Municipal Employees' Retirement System Board of Trustees public meetings in 2022
10 substantive meetings from 2022, with official agendas or minutes and plain-English summaries.
Municipal Employees' Retirement System Board of Trustees
The Board of Trustees will hold a regular meeting to approve minutes, retirements, and the June financial reports. They will review the June 30, 2022 audit and actuarial reports, consider an employer agreement with the Denham Springs City Marshal, and discuss late employer contributions. The board will also consider policy changes on enrollment status and partial refunds, and enter executive session to discuss litigation.
- Approval of June 30, 2022 audit report for 2021-2022 fiscal year
- Approval of June 30, 2022 actuarial report for 2021-2022 fiscal year
- Consideration of employer agreement with Denham Springs City Marshal
- Consideration of change in enrollment status for service credit refunded before 1/1/2013
- Executive session to discuss Lafayette Consolidated Government withdrawal liability and other litigation
Municipal Employees' Retirement System Board of Trustees
The Municipal Employees' Retirement System of Louisiana Board of Trustees will meet to decide on asset allocation and potential changes to Tier 1 enrollment status. The board will also review investment performance and revoke policies superseded by new administrative rules.
- Action item on Asset Allocation Recommendation
- Action item on whether service credit earned and refunded prior to 1/1/2013 requires Tier 1 enrollment
- Revocation of policies regarding retirees returning to employment and board elections
- Certification of Trustee Election Results for the 3-Year Term Seat
- Referral of employers with late contributions to the Treasurer’s Office
Municipal Employees' Retirement System Board of Trustees
The Municipal Employees' Retirement System Board of Trustees is meeting to discuss investment reports, budget amendments, and membership status. The agenda includes decisions on valuation interest rates and an employer agreement with the Town of Oberlin.
- Amendment of June 30, 2022 Budget
- Consideration of Setting the Valuation Interest Rate
- Employer Agreement with the Town of Oberlin
- Approval of Retirements Since the Last Regular Meeting
- Recommendation for Retirement Benefits Administrator position and pay
Municipal Employees' Retirement System Board of Trustees
The Board of Trustees will review the cash flow report and revised annual budget for FY 2023. Members are scheduled to consider setting the valuation interest rate and updating the employee handbook regarding crisis leave. The meeting also includes a process to re-open nominations for a trustee seat ending in August 2026.
- Approval of the June 16, 2022, meeting minutes
- Presentation of the Revised Annual Budget for FY 2023
- Setting the Valuation Interest Rate
- Employee Handbook Policy Update regarding Crisis Leave
- Re-opening of nominations for a Trustee seat ending August 2026
Municipal Employees' Retirement System Board of Trustees
The Board of Trustees will review the proposed operating budget for July 1, 2022, through June 30, 2023. The meeting includes discussions on personnel policy updates, salary adjustments for executives, and setting the valuation interest rate.
- Approval of the 2022-2023 operating budget
- Proposed changes to Pay Policy and staff cost-of-living adjustments
- Proposed salary adjustments for the CFO, CIO, and Executive Director
- Consideration of setting the valuation interest rate
- Certification of trustee election results for Patterson and Plaquemine mayors
Municipal Employees' Retirement System Board of Trustees
The Board will vote on several action items including the G.S. Curran Actuarial Contract for FY 2022-2023, engagement of Hawthorn, Waymouth & Carroll for the FY 2021-2022 audit, and adoption of the system survey and compliance questionnaire. They will also discuss the proposed July 1, 2022-June 30, 2023 operating budget and receive investment and retirement reports.
- Discussion and approval of G.S. Curran Actuarial Contract for FY beginning 7/1/2022
- Discussion and approval of engagement with Hawthorn, Waymouth & Carroll for FY 2021-2022 audit
- Presentation of proposed July 1, 2022-June 30, 2023 Operating Budget
- Approval of retirements since last regular meeting
- Approval of revocation of a member's disability benefit
Municipal Employees' Retirement System Board of Trustees
The Municipal Employees' Retirement System of Louisiana Board of Trustees will meet to review financial reports and approve retirements. The board is deciding on asset allocation, private debt options, and a draft policy for cost-of-living adjustments. They will also address trustee elections for seats currently held by Mayor Donald Villere and Mayor Mark Piazza.
- Consideration of asset allocation and possible allocation to private debt
- Approval of Board Calculation Option Factors effective July 1, 2022
- Consideration of a draft policy for cost-of-living adjustments
- Authorization to start administrative rule making process
- Referral of employers with late contributions to the Treasurer’s Office
Municipal Employees' Retirement System Board of Trustees
The Board of Trustees will review retirement approvals, investment performance reports, and a possible allocation to private debt. Members will also consider a draft policy for cost-of-living adjustments and discuss employer rates for the 2022-2023 fiscal year.
- Consideration of a possible allocation to private debt
- Consideration of cost-of-living adjustments for retirees and beneficiaries
- Review of draft policy for cost-of-living adjustments
- Discussion to set July 1, 2022 – June 30, 2023 Employer rates
- Referral of employers with late contributions to the Treasurer’s Office
Municipal Employees' Retirement System Board of Trustees
The board will consider certifying two delinquencies from Lafayette Consolidated Government totaling $1,628,525.13, which would be deducted from state payments to LCG. Other action items include approving retirements, a new employer agreement, and a request for retroactive disability benefits.
- Certification of $1,619,072 delinquency for unfunded accrued liability from Lafayette Consolidated Government (LCG) (Action Item)
- Certification of $9,453.13 delinquency for contribution fund payments from LCG for three employees (Action Item)
- Update on Gainesville Property by Treasurer John Schroder via Zoom
- Approval of Village of Reeves joining MERS Plan B effective February 27, 2022 (Action Item)
- Request for retroactive disability benefits (Action Item)
Municipal Employees' Retirement System Board of Trustees
The Board will review financial reports, including cash flow and budget updates as of December 31, 2021. Items include the approval of retirements, a pay policy, and a request for retroactive disability benefits.
- Approval of minutes from December 16, 2021
- Approval of retirements since the last meeting
- Executive session regarding potential litigation with Lafayette Consolidated Government
- Approval of Pay Policy
- Request from disability retiree for retroactive benefits