Public Retirement Systems' Actuarial Committee

Name Public Retirement Systems' Actuarial Committee
Contact Person Daryl Purpera, CPA, CFE, Legislative Auditor - Chairman
Mailing Address Post Office Box 94397
Baton Rouge, LA 70804
Phone Number 225-339-3839
Fax Number 225-339-3870
Board Email
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. The Legislature recognized that fiscal integrity of the retirement systems was a priority necessitated by the financial condition of those systems at that time, and opted to
Number of Entity Members: Number Authorized: 7
Number Currently Serving: 7
Number of Entity Meetings: Actual number in prior year: 3
Estimated number in current year: 3
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
  Current year budgeted: $0
Entity Member Salaries:
  Prior year actual: $0
  Current year budgeted: $0
Entity Member Travel Expense Reimbursement:
  Prior year actual: $0
  Current year budgeted: $0
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:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

       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 At its meeting of 3/6/14, PRSAC elected Daryl Purpera, Legislative Auditor, as its new chairman, and Benjamin Huxen 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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