Registrar of Voters Employees' Retirement System Board of Trustees public meetings in 2025
7 substantive meetings from 2025, with official agendas or minutes and plain-English summaries.
Registrar of Voters Employees' Retirement System Board of Trustees
The Board of Trustees will conduct a Board of Trustee election and review 2025 funding and auditor reports. The body will also discuss portfolio performance and pending litigation in executive session.
- Counting of ballots and announcement of results for Board of Trustee Election
- 2025 Funding Valuation and GASB Funding Reports from Curran Actuarial Consulting, LTD
- 2025 Auditor’s Report from Duplantier, Hrapmann, Hogan, & Maher, L.L.P.
- 3rd Quarter 2025 Portfolio Performance review by Mariner
- Executive session regarding Recreation and Park Commission for the Parish of East Baton Rouge v Sid J. Gautreaux, III
Registrar of Voters Employees' Retirement System Board of Trustees
The Registrar of Voters Employees' Retirement System Board of Trustees will review second-quarter 2025 portfolio performance and discuss investments from the China region. The board will also consider a Back-DROP study and approve minutes from prior meetings.
- Review of 2nd Quarter 2025 Portfolio Performance
- Discussion and action related to investments from China region
- Discussion and action related to the Back-DROP study
- Presentation of financials through June 30, 2025
- Discussion and action related to Hancock Whitney 2nd Qtr Custodian and MSSF Reports
The Board voted to issue corrected election ballots to all members after an error in the original mailing. Trustees also accepted an actuarial study on Back-DROP and will seek feedback from Registrars on whether to pursue related legislation.
- Approved minutes from May 27, May 28, and June 30, 2025 (unanimous)
- Accepted Q2 and July 2025 investment performance reports (unanimous)
- Accepted Back-DROP Study from Curran Actuarial Consulting, LTD (unanimous)
- Approved posting Back-DROP Study online and emailing Registrars for feedback (unanimous)
- Approved sending corrected election ballots on different-colored paper to all members (unanimous)
- Accepted Director's report (unanimous)
Registrar of Voters Employees' Retirement System Board of Trustees
The Registrar of Voters Employees' Retirement System Board of Trustees is holding a special meeting to discuss and take action on a disability application. The board may enter executive session to discuss the applicant's physical or mental health. Public comments are allowed on each agenda item after board discussion and before a vote.
- Discussion and action on a disability application
- Possible executive session under R.S. 42:17(A)(1) for health-related discussion
- Public comments limited to three minutes per person per item
The Board of Trustees reviewed a disability application for Tiwanna Sonnier based on findings from the state medical board. The Board voted unanimously to approve the application.
- Approved disability application for Tiwanna Sonnier (Unanimous)
Registrar of Voters Employees' Retirement System Board of Trustees
The Board of Trustees will review investment performance and financial reports through March 31, 2025. Discussion includes the proposed fiscal year 2026 budget and several contract renewals.
- Review of 1st Quarter 2025 and April 2025 portfolio performance
- Members’ Supplemental Savings Fund Performance Review
- Discussion regarding pending litigation: Recreation and Park Commission for the Parish of East Baton Rouge v Sid J. Gautreaux, III
- Renewal of actuarial and administrative contracts
- Proposed budget for fiscal year 2026
The Board approved the fiscal year 2026 budget and renewed actuarial and administrative contracts. It authorized a $15,000 study for a potential Back-DROP option and approved salary and contract rate increases for the Director and legal counsel.
- Approved fiscal 2026 budget (unanimous)
- Authorized $15,000 for Back-DROP study by Curran Actuarial Consulting Ltd. (unanimous)
- Approved renewal of FY2026 actuarial and administrative contracts (unanimous)
- Approved increase in legal counsel hourly rate from $250 to $350 effective July 1, 2025 (unanimous)
- Approved Director salary increase to $93,600 effective July 1, 2025 (unanimous)
- Approved $3,800 engagement letter for State-Wide AUP from Duplantier, Hrapmann, Hogan & Maher (unanimous)
- Approved March 10 and March 11, 2025 meeting minutes (unanimous)
- Accepted investment and custodial reports from Mariner and Hancock Whitney (unanimous)
Registrar of Voters Employees' Retirement System Board of Trustees
The Board of Trustees of the Registrars of Voters Employees' Retirement System will hold a special meeting focused entirely on trustee education. Presentations will cover the 2025 ROVERS Experience Study by the fund's actuary, fiduciary duty and system laws by the system's attorney, and 2025 investment markets with a discussion on tariffs by the investment consultant. The meeting is scheduled for 1:00 p.m. on May 27, 2025, at the Renaissance Baton Rouge Hotel.
- Educational presentation on the 2025 ROVERS Experience Study by actuary Curran Actuarial Consulting, Ltd.
- Educational presentation on fiduciary duty and laws of the system by attorney Laura Gail Sullivan
- Educational presentation on 2025 investment markets and tariffs by investment consultant Mariner
- Trustee training credit offered for attendance at agenda items V, VI, and VII under R.S. 11:185
- Board reserves right to enter executive session for litigation or consultant competence discussions
The Board of Trustees approved the recommended valuation interest rate for the retirement system. The meeting also included educational presentations on actuarial experience, fiduciary duty, and market trends.
- Approved setting the valuation interest rate at 6.25% (Unanimous)
Registrar of Voters Employees' Retirement System Board of Trustees
The ROVERS Board of Trustees will meet to review 2024 portfolio performance and discuss the employer rate for July 1, 2025, through June 30, 2026. The agenda also includes updates on pending litigation and legislative sessions.
- Review of 4th Quarter 2024 and January 2025 portfolio performance
- Approval of Members’ Supplemental Savings Fund Performance Review
- Discussion regarding pending litigation including Branan vs. PPG, et al
- Action related to setting the employer rate for July 1, 2025-June 30, 2026
- Presentation of financials through December 31, 2024
The Board of Trustees elected new leadership and approved the 2025-2026 employer contribution rate. Members also voted to oppose Senate Bill 7 in its current form and approved the 2025 actuarial equivalence assumptions.
- Approved Ms. Charlene Menard as Chairman (Unanimous)
- Approved Mrs. Shanika Olinde as Vice Chairman (Unanimous)
- Approved December 12, 2024, meeting minutes (Unanimous)
- Approved Investment Performance Review for Q4 2024 (Unanimous)
- Accepted Custodial and Members Supplemental Savings Reports (Unanimous)
- Voted to oppose Senate Bill 7 in current form and designated a legislative team (6-0, 2 abstentions)
- Adopted July 1, 2025, actuarial equivalence assumptions (Unanimous)
- Set employer contribution rate at 18% for July 1, 2025 — June 30, 2026 (Unanimous)
Registrar of Voters Employees' Retirement System Board of Trustees
The ROVERS Board of Trustees will elect a 2025 Board Chairman and Co-Chairman, and receive an educational presentation from the Fund's Actuary, Curran Actuarial Consulting, Ltd. The meeting also includes the administration of the oath of office, roll call, and public comments. Trustee training credit is available for the actuarial presentation.
- Election of 2025 Board Chairman & Co-Chairman
- Educational presentation by the Fund's Actuary, Curran Actuarial Consulting, Ltd.
- Oath of office administered
- Roll call of 10 trustees
- Public comments allowed on each agenda item after board discussion, limited to three minutes per individual
The Board authorized Curran Actuarial Consulting, Ltd. to conduct a cost study for a potential Back-DROP retirement option. The study will inform proposed 2026 legislation, with results expected by September 2025. The Board also deferred the election of its 2025 Chairman and Co-Chairman.
- Authorized Curran Actuarial Consulting, Ltd. to proceed with Back-DROP cost study (Unanimous)
- Deferred Election of 2025 Board Chairman & Co-Chairman to March 11, 2025 (Unanimous)
- Decided that refunding employee contributions for Back-DROP will not be part of the cost study
- Confirmed cost of study will be provided at the May meeting