On February 12, 2020, the Public Retirement Systems' Actuarial Committeeadopted theofficial valuation of MPERS's actuary, G. S. Curran & Company, Ltd. The employer contribution rate for July1, 2020 through June 30, 2021 will be 33.75% for all employees.As a...

Assuming that you are a Louisiana resident, you probably shouldn't rollover your DROP account balance unless enjoy paying more in state income taxes than is necessary. UnderR.S. 11:2228, all monies paid by MPERS are exempt from any Louisiana state tax. This includes...

On January 15, 2020, the Board of Trustees voted to cancel itsFebruary meeting. The next meeting will be on March 18, 2020.

MPERS is pleased to announce that it has selected Empower Retirement as the new provider of administrative, recordkeeping, communication and investment education services for the Deferred Retirement Option Plan (DROP) effective February 1, 2020. Please see the memo...

On December 18, 2019, the MPERS Board of Trustees resolved to consider gradually lowering the valuation interest rate from 7.125% to 6.75% over a certain period of time once it receives the results of the 2020 actuarial experience study in March or April of 2020.