Thu Jun 18, 2026 · 09:37
Board of Trustees
Board approves March retirement allowances and reviews $589 million portfolio
The Board of Trustees approved retirement allowances for March and reviewed investment performance through January 31, 2026. Members discussed potential ordinance changes for elected term lengths and furlough contribution payments. The board also received updates on a legislative bill regarding NOPD civilian employee retirement membership.
- Approval of retirement allowances for March 2026
- Investment portfolio reported at $567 million, with $589 million including LAMP assets
- Discussion of ordinance to change elected office terms from three to five years
- Proposed ordinance for city payment of employee/employer contributions during furloughs
- Update on legislative bill to exempt NOPD civilian employees from Municipal Police Employees’ Retirement System
retirementinvestmentspensionsordinanceslegislation
✓ Decided: Board approves March retirement allowances
The Board of Trustees approved the retirement allowances for March and the meeting minutes from February 23, 2026. Members discussed potential ordinance changes to extend elected office terms to five years and streamline furlough contribution payments.
- Approved February 23, 2026 regular meeting minutes (4-0)
- Approved retirement allowances for March (4-0)
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, FOURTH FLOOR PURCHASING CONFERENCE ROOM
MARCH 18, 2026
Trustees Present:
Ms. Marina M. Kahn, Chairperson
Mr. Ross Bourgeois, Vice-Chairman
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Trustees Absent:
Ms. Alyssa W. Rambeau, Treasurer/CFO
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Ian Jones, Mariner Consulting (virtual)
Mr. Dan Johnson, Mariner Consulting
Mr. Bernard Robertson, Robertson Wealth Management
Mr. Michael Williams, Phelps Dunbar
Ms. Regan Canfill, Phelps Dunbar (virtual)
Ms. Tanya Irvin, City Attorney's Office
Mr. Marcus Dorsey, Analyst, Employees’ Retirement System
Mr. Evans called the meeting to order at 9:37am after roll call.
Mr. Evans introduced analyst, Mr. Dorsey. Mr. Dorsey described some of his duties in the
retirement office.
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - February 23, 2026
A motion was made by Ms. Kahn and seconded by Mr. DeLarge to approve the
February 23, 2026 regular meeting minutes. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Kahn).
Board to Ratify Retirement Allowances
A motion was made by Ms. Trepagnier and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of March. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Kahn).
Contribution Report - Marked …
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, FOURTH FLOOR PURCHASING CONFERENCE ROOM
MARCH 18, 2026
Trustees Present:
Ms. Marina M. Kahn, Chairperson
Mr. Ross Bourgeois, Vice-Chairman
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Trustees Absent:
Ms. Alyssa W. Rambeau, Treasurer/CFO
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Ian Jones, Mariner Consulting (virtual)
Mr. Dan Johnson, Mariner Consulting
Mr. Bernard Robertson, Robertson Wealth Management
Mr. Michael Williams, Phelps Dunbar
Ms. Regan Canfill, Phelps Dunbar (virtual)
Ms. Tanya Irvin, City Attorney's Office
Mr. Marcus Dorsey, Analyst, Employees’ Retirement System
Mr. Evans called the meeting to order at 9:37am after roll call.
Mr. Evans introduced analyst, Mr. Dorsey. Mr. Dorsey described some of his duties in the
retirement office.
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - February 23, 2026
A motion was made by Ms. Kahn and seconded by Mr. DeLarge to approve the
February 23, 2026 regular meeting minutes. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Kahn).
Board to Ratify Retirement Allowances
A motion was made by Ms. Trepagnier and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of March. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Kahn).
Contribution Report - Marked …
Wed May 20, 2026 · 09:39
Board of Trustees
Board votes to extend trustee terms from three to five years
The Board of Trustees discussed pension fund liquidity and trustee governance. The body decided to seek a charter or ordinance change to extend board member terms and approved the sale of assets to cover benefit payments.
- Motion to change board member terms for employee representative, retiree representative, and Mayoral appointee from three years to five years
- Decision to redeem $4 million from Vanguard Institutional Index fund and $4 million from Cornerstone to meet $2.5 million in upcoming benefit payments
- Approval of retirement allowances for April and May
- Registration of four trustees for the 2026 Louisiana Association of Public Employees’ Retirement System (LAPERS) conference
- Report that efforts to exempt NOPD civilian employees from MPERS membership were unsuccessful for the 2025 legislative session
pensionsgovernanceinvestmentsretirement-benefits
✓ Decided: Board approves $8M investment redemption for liquidity and extends trustee terms
The Board of Trustees voted to redeem $8 million from investment funds to cover benefit payments and improve policy compliance. Members also approved a request to extend trustee terms of service from three to five years. Additionally, the board authorized registration for four members to attend the 2026 LAPERS conference.
- Approved March 18, 2026 regular meeting minutes
- Approved retirement allowances for April and May
- Requested charter/ordinance change to extend trustee terms from three to five years
- Approved redemption of $4M from Vanguard Institutional Index and $4M from Cornerstone
- Approved registration for four trustees to attend the 2026 LAPERS conference
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, FOURTH FLOOR PURCHASING CONFERENCE ROOM
MAY 20, 2026
Trustees Present:
Ms. Marina M. Kahn, Chairperson
Mr. Ross Bourgeois, Vice-Chairman
Ms. Alyssa W. Rambeau, Treasurer/CFO
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Ian Jones, Mariner Consulting
Mr. Dan Johnson, Mariner Consulting
Mr. Bernard Robertson, Robertson Wealth Management
Mr. Michael Williams, Phelps Dunbar (virtual)
Ms. Tanya Irvin, City Attorney’s Office
Ms. Anne Harvey, Phelps Dunbar (virtual)
Ms. Chante Powell, Mayor's Office of Boards and Commissions (virtual)
Mr. Evans called the meeting to order at 9:39am after roll call.
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - March 18, 2026
A motion was made by Ms. Trepagnier and seconded by Mr. DeLarge to approve the
March 18, 2026 regular meeting minutes. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, and Mr. DeLarge).
Board to Ratify Retirement Allowances
A motion was made by Mr. DeLarge and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of April and May. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, and Mr. DeLarge).
Contribution Report - Marked received
Refund Report - Marked received
Benefit Payments Report - Marked received
Deceased Member Report - Marked received
Tr …
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, FOURTH FLOOR PURCHASING CONFERENCE ROOM
MAY 20, 2026
Trustees Present:
Ms. Marina M. Kahn, Chairperson
Mr. Ross Bourgeois, Vice-Chairman
Ms. Alyssa W. Rambeau, Treasurer/CFO
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Ian Jones, Mariner Consulting
Mr. Dan Johnson, Mariner Consulting
Mr. Bernard Robertson, Robertson Wealth Management
Mr. Michael Williams, Phelps Dunbar (virtual)
Ms. Tanya Irvin, City Attorney’s Office
Ms. Anne Harvey, Phelps Dunbar (virtual)
Ms. Chante Powell, Mayor's Office of Boards and Commissions (virtual)
Mr. Evans called the meeting to order at 9:39am after roll call.
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - March 18, 2026
A motion was made by Ms. Trepagnier and seconded by Mr. DeLarge to approve the
March 18, 2026 regular meeting minutes. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, and Mr. DeLarge).
Board to Ratify Retirement Allowances
A motion was made by Mr. DeLarge and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of April and May. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, and Mr. DeLarge).
Contribution Report - Marked received
Refund Report - Marked received
Benefit Payments Report - Marked received
Deceased Member Report - Marked received
Tr …
Mon Feb 23, 2026 · 09:45
Board of Trustees
Retirement Board approves new investment policy and $20 million in portfolio shifts
The Board of Trustees updated the Investment Policy Statement and approved several asset reallocations to ensure fund compliance. The board also approved February retirement allowances and a disability application for Daisha Common.
- Approved a new red-line draft of the Investment Policy Statement (IPS)
- Approved selling $8 million from Cornerstone and $4 million from Vanguard 500 Fund
- Approved transferring $5 million to Bivium Small Cap and $4 million to Cash Reserve
- Approved buying $2 million of Pimco Income Fund and $1 million of Blackrock Multi Asset Income Fund
- Approved the disability retirement application for Daisha Common
pensionsinvestmentsbudgetretirement
✓ Decided: Board approves new investment policy and portfolio rebalancing
The Board of Trustees adopted a new Investment Policy Statement and approved several asset transfers to ensure fund compliance. The board also approved February retirement allowances and a disability application for Daisha Common.
- Approved new Investment Policy Statement (IPS) (4-0)
- Approved portfolio adjustments including selling $8M from Cornerstone and $4M from Vanguard 500 Fund (4-0)
- Approved $5M transfer to Bivium Small Cap (4-0)
- Approved $2M purchase of Pimco Income Fund and $1M purchase of Blackrock Multi Asset Income Fund (4-0)
- Approved $4M transfer to Cash Reserve (4-0)
- Approved retirement allowances for February (4-0)
- Approved disability application for Daisha Common (4-0)
- Approved January 21, 2026 meeting minutes (4-0)
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, EIGHTH FLOOR FINANCE CONFERENCE ROOM
FEBRUARY 23, 2026
Trustees Present:
Mr. Ross Bourgeois, Vice-Chairman
Ms. Alyssa W. Rambeau, Treasurer/CFO
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Trustees Absent:
Ms. Marina M. Kahn, Chairperson
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Dan Johnson, Mariner Consulting
Mr. Michael Williams, Phelps Dunbar
Ms. Tanya Irvin, City Attorney’s Office
Mr. Evans called the meeting to order at 9:45am after roll call.
Mr. Evans asked that an executive session be added to the agenda to review the disability
retirement application for Daisha Common.
A motion was made by Mr. Bourgeois and seconded by Ms. Trepagnier to add an executive
session item to the agenda. The motion passed with all in favor. (Mr. Bourgeois, Ms. Trepagnier,
Mr. DeLarge, and Ms. Rambeau).
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - January 21, 2026
A motion was made by Mr. Bourgeois and seconded by Mr. DeLarge to approve the
January 21, 2026 regular meeting minutes. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Rambeau).
Board to Ratify Retirement Allowances
A motion was made by Ms. Trepagnier and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of February. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. …
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, EIGHTH FLOOR FINANCE CONFERENCE ROOM
FEBRUARY 23, 2026
Trustees Present:
Mr. Ross Bourgeois, Vice-Chairman
Ms. Alyssa W. Rambeau, Treasurer/CFO
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Trustees Absent:
Ms. Marina M. Kahn, Chairperson
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Dan Johnson, Mariner Consulting
Mr. Michael Williams, Phelps Dunbar
Ms. Tanya Irvin, City Attorney’s Office
Mr. Evans called the meeting to order at 9:45am after roll call.
Mr. Evans asked that an executive session be added to the agenda to review the disability
retirement application for Daisha Common.
A motion was made by Mr. Bourgeois and seconded by Ms. Trepagnier to add an executive
session item to the agenda. The motion passed with all in favor. (Mr. Bourgeois, Ms. Trepagnier,
Mr. DeLarge, and Ms. Rambeau).
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - January 21, 2026
A motion was made by Mr. Bourgeois and seconded by Mr. DeLarge to approve the
January 21, 2026 regular meeting minutes. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Rambeau).
Board to Ratify Retirement Allowances
A motion was made by Ms. Trepagnier and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of February. The motion passed with all in favor.
(Mr. Bourgeois, Ms. Trepagnier, Mr. …
Wed Jan 21, 2026 · 09:38
Board of Trustees
Board approves 2% interest on member accounts and portfolio adjustments
The New Orleans Municipal Employees' Retirement System board held its regular meeting on January 21, 2026. Trustees approved monthly retirement allowances, a 2% interest rate for member accounts, and investment portfolio adjustments to comply with policy ranges. The board also discussed upcoming legislation for NOPD civilian employees and potential furlough-related pension adjustments.
- Approved 2% interest rate for eligible member contribution balances
- Authorized $5M sale of Vanguard Large Cap Growth Index Fund and $2.5M each in Vanguard Extended Market Index and Vanguard Total International Fund purchases
- Discussed legislation to exempt NOPD civilian employees from MPERS enrollment
- Announced $500 COLA payment to eligible retirees by February 27
- Considered ordinance for pension contributions during city furloughs
pensionsinvestmentsfurloughsnopdcolas
✓ Decided: Board approves 2% interest rate for member contribution balances
The Board of Trustees approved a 2% interest rate for eligible member contribution balances and ratified retirement allowances for January. The board also authorized a $5 million portfolio rebalancing to maintain investment policy compliance. Additionally, a one-time $500 cost of living adjustment for eligible retirees will be paid by February 27.
- Approved 2% interest rate for eligible member contribution balances (5-0)
- Approved retirement allowances for January (5-0)
- Approved selling $5M from Vanguard Large Cap Growth Index Fund and buying $2.5M each of Vanguard Extended Market Index and Vanguard Total International Fund (5-0)
- Approved November 19, 2025 meeting minutes (5-0)
- Sworn in Ms. Rambeau as a member of the board
📄 From the agenda
Extracted text of the official agenda document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, THIRD FLOOR DIRECTOR OF FINANCE CONFERENCE ROOM
JANUARY 21, 2026
Trustees Present:
Ms. Marina M. Kahn, Chairperson
Mr. Ross Bourgeois, Vice-Chairman
Ms. Alyssa W. Rambeau, Treasurer /CFO
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Ian Jones, Mariner Consulting
Mr. Dan Johnson, Mariner Consulting
Mr. Bernard Robertson, Robertson Wealth Management
Mr. Michael Williams, Phelps Dunbar
Ms. Regan Canfill, Phelps Dunbar
Ms. Cathy Smith, Bernstein Litowitz Berger & Grossman (BLB&G)
Mr. Evans called the meeting to order at 9:38am after roll call.
Oath of Office
Ms. Rambeau was sworn in as a member of the board.
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - November 19, 2025
A motion was made by Mr. Bourgeois and seconded by Ms. Kahn to approve the
November 19, 2025 regular meeting minutes. The motion passed with all in favor.
(Ms. Kahn, Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Rambeau).
Board to Ratify Retirement Allowances
A motion was made by Mr. DeLarge and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of January. The motion passed with all in favor.
(Ms. Kahn, Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Rambeau).
Contribution Report - Marked received
Refund Report - Marked received
Deceased Member Report - Marked …
📄 From the minutes
Extracted text of the official minutes document (automated extraction — may contain OCR/formatting errors).
REGULAR MEETING
BOARD OF TRUSTEES
CITY OF NEW ORLEANS EMPLOYEES' RETIREMENT SYSTEM
CITY HALL, THIRD FLOOR DIRECTOR OF FINANCE CONFERENCE ROOM
JANUARY 21, 2026
Trustees Present:
Ms. Marina M. Kahn, Chairperson
Mr. Ross Bourgeois, Vice-Chairman
Ms. Alyssa W. Rambeau, Treasurer /CFO
Ms. Amy B. Trepagnier, Trustee
Mr. Kim T. DeLarge, Sr., Trustee
Others Present:
Mr. Jesse Evans, Jr., Director, Employees’ Retirement System
Mr. Ian Jones, Mariner Consulting
Mr. Dan Johnson, Mariner Consulting
Mr. Bernard Robertson, Robertson Wealth Management
Mr. Michael Williams, Phelps Dunbar
Ms. Regan Canfill, Phelps Dunbar
Ms. Cathy Smith, Bernstein Litowitz Berger & Grossman (BLB&G)
Mr. Evans called the meeting to order at 9:38am after roll call.
Oath of Office
Ms. Rambeau was sworn in as a member of the board.
MONTHLY REPORTS
Meeting Minutes - Regular Meeting - November 19, 2025
A motion was made by Mr. Bourgeois and seconded by Ms. Kahn to approve the
November 19, 2025 regular meeting minutes. The motion passed with all in favor.
(Ms. Kahn, Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Rambeau).
Board to Ratify Retirement Allowances
A motion was made by Mr. DeLarge and seconded by Mr. Bourgeois to approve the
retirement allowances for the month of January. The motion passed with all in favor.
(Ms. Kahn, Mr. Bourgeois, Ms. Trepagnier, Mr. DeLarge, and Ms. Rambeau).
Contribution Report - Marked received
Refund Report - Marked received
Deceased Member Report - Marked …