Nominate: Forum 35 is accepting nominations for community awards to be presented at its annual breakfast event in October. Each year, Forum 35 recognizes individuals dedicated to improving the Baton Rouge community through exemplary leadership, visionary thinking, and extraordinary volunteerism. Nominations for both awards can be submitted online and are due by Monday, Sept. 17.
State retirement: The Louisiana State Employees’ Retirement System ended the June 30, 2018, fiscal year with an investment return of 9.5%, LASERS announced today. This fiscal year return places LASERS in the top quartile among 67 other public retirement funds greater than $1 billion, according to Wilshire’s Trust Universe Comparison Service. “LASERS 9.5% return exceeds our 7.65% actuarially expected rate of return as well as the TUCS universe median of 8.5%,” LASERS Executive Director Cindy Rougeou says in the announcement. LASERS provides a defined benefit pension plan that covers approximately 100,000 members.
Missing from the roster: Louisiana’s land management office doesn’t have an accurate, comprehensive inventory of state property despite being required to maintain one, according to a review released Monday by the Legislative Auditor’s office. Louisiana law calls for the commissioner of administration to keep an inventory of all state-owned or state-leased land, water bottoms and other facilities. The report says the commissioner’s Office of State Lands isn’t fully meeting that requirement and the state could be missing out on revenue opportunities. Read the full story.
