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Louisiana pension fund posts $1.5B growth, 14% return in fiscal year | Louisiana

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www.thecentersquare.com – By Nolan McKendry | The Center Square – 2024-12-24 07:00:00

SUMMARY: The Louisiana State Employees’ Retirement System (LASERS) reported substantial growth for the fiscal year ending June 30, 2024, with a net position increase of $1.5 billion, reaching $15.97 billion. Its investment portfolio achieved a 14% gross return, ranking in the top 7% of public pension plans. While LASERS supports nearly 42,000 retirees, annual benefit payments decreased by 2% to $1.5 billion. The unfunded pension liability is $5.4 billion. Strategic asset allocation adjustments, including enhanced investments in private markets, contributed to strong performance, with nearly 40% of assets managed internally, promoting financial stability and sustainability for members’ retirement benefits.

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News from the South - Louisiana News Feed

Louisiana residents list crime as one of state’s most pressing issues | Louisiana

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www.thecentersquare.com – By Jacob Mathews | The Center Square – 2024-12-25 08:10:00

SUMMARY: In Louisiana, crime rates have decreased across the state, but public perception remains high, with 72% of residents feeling crime has increased in recent years. Despite this, violent and property crime statistics show improvements, including a 38% decrease in murders in New Orleans. Other crimes like auto theft and carjacking have also declined. Louisiana remains high in national crime rankings, with the state 50th in murders per capita and 46th in assaults. Despite a reduction in crime, cities like New Orleans, Baton Rouge, and Shreveport still face significant crime challenges. Legislative efforts and post-pandemic adjustments may contribute to the decrease.

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News from the South - Louisiana News Feed

Wet Christmas Day, cold front this weekend

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www.youtube.com – WDSU News – 2024-12-25 07:10:44

SUMMARY: Jim Simons forecasts a wet Christmas, with rain expected in the late morning and afternoon across many areas. While severe weather is not anticipated, isolated thunderstorms may bring pockets of heavier rain. Southern regions like Thibodaux and Raceland will see showers soon. Current temperatures are near 60 degrees, with cold spots hitting around 44 degrees. A cold front is expected late Saturday into early Sunday, while dry conditions will follow. The New Year’s Eve forecast indicates mostly cloudy skies with scattered rain and temperatures around 57 degrees as the year-end celebration approaches.

Wet Christmas Day, cold front this weekend

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News from the South - Louisiana News Feed

New Orleans Forecast: Rain expected on Christmas

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www.youtube.com – WWLTV – 2024-12-25 06:09:25

SUMMARY: On Christmas morning, it’s quiet, but showers and thunderstorms are expected later today. A large system is moving in from the west, bringing rain chances across the area, especially for coastal parishes like St. Mary and Morgan City. The rain will increase by 10 a.m., with high chances through the early afternoon, tapering off in the evening. Expect temperatures in the 60s, with rainfall totals between half an inch and an inch. Strong storms and isolated flooding are possible. The weather will dry out briefly before more storms return this weekend, with cooler temperatures expected early next week.

Expect showers and a few thunderstorms for Christmas. A few strong storms with heavy rain are possible.

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