Public Retirement Systems' Actuarial Committee

Name Public Retirement Systems' Actuarial Committee
Contact Person Representative Phillip R. DeVillier - Chairman
Mailing Address c/o Jennifer Watson, Secretary House Retirement Committee
Post Office Box 44486
Baton Rouge, LA 70804
Phone Number 225-342-2445
Fax Number 225-377-2384
Board Email h-ret@legis.la.gov
Website http://www.doa.la.gov/Pages/prsac/Index.aspx
Legal Authority R.S. 11:121-127
Year Created 1988
Organizational Placement Dept. of Treasury
Purpose/Function The Public Retirement Systems’ Actuarial Committee (PRSAC) was created by the Louisiana Legislature in 1988 to ensure orderly and consistent strategies for continuing development and growth of Louisiana’s state and statewide retirement systems, pension plans, and funds in order to attain and maintain their fiscal soundness.
Number of Entity Members: Number Authorized: 7
Number Currently Serving: 7
Number of Entity Meetings: Actual number in prior year: 4
Estimated number in current year: 4
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $0      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Salaries:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Entity Member Travel Expense Reimbursement:
  Prior year actual: $0.00
  Current year budgeted: $0.00
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
Participation in State Employee Benefit Programs:
    Employees:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

    Members:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs
A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments          State Agency: Legislators may request per diem payments from the
Travel Reimbursements    State Agency:
Other (explain)    State Agency:
Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2?
   Yes    No
  If yes, identify the budget unit and the budget schedule number below:
  Budget Unit Name:
  Budget Schedule Number:
Notes 1/21/22 Updated all pages and submitted status J Watson

11/19/21 Representative Phillip DeVillier added as chairman JWatson

10/15/20 Updated all pages and submitted status JWatson

1/22/20 Updated all pages and submitted status KRome

1/10/19 Updated all pages and submitted status KRome

1/8/18 Updated State Treasurer and Designee KRome

10/9/17 - updated contact info KRome

7/18/16 - Updates reflect new Chairman & Vice Chairman chosen at the 6/7/16 meeting. State retirement systems voted for Shelly Johnson to be their PRSAC voting member effective 7/11/16.

Newly elected Governor John Bel Edwards appointed Jay Dardenne as Commissioner of Administration. All other updates to membership have been made to date. 1/20/16 LMartin

Effective 10/15/15, Governor Jindal appointed Stafford Palmieri as Commission of Administration to replace Kristy Nichols.

At its meeting of 3/6/14, PRSAC elected Daryl Purpera, Legislative Auditor, as its new chairman, and Benjamin Huxen, Designee for Commissioner Kristy Nichols as the Vice Chairman.

All approved minutes have been posted to date. Senate Secretary Clarissa Moore is completing minutes from meetings when Senator Guillory was chairman: September 4, 2013, and March 6, 2014.
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