News from the South - Louisiana News Feed
Louisiana pension fund posts $1.5B growth, 14% return in fiscal year | Louisiana
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.
The post Louisiana pension fund posts $1.5B growth, 14% return in fiscal year | Louisiana appeared first on www.thecentersquare.com
News from the South - Louisiana News Feed
Louisiana residents list crime as one of state’s most pressing issues | Louisiana
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.
The post Louisiana residents list crime as one of state’s most pressing issues | Louisiana appeared first on www.thecentersquare.com
News from the South - Louisiana News Feed
Wet Christmas Day, cold front this weekend
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
Subscribe to WDSU on YouTube now for more: http://bit.ly/1n00vnY
Get more New Orleans news: http://www.wdsu.com
Like us: http://www.facebook.com/wdsutv
Follow us: http://twitter.com/wdsu
Instagram: https://www.instagram.com/wdsu6/
News from the South - Louisiana News Feed
New Orleans Forecast: Rain expected on Christmas
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.
-
Local News5 days ago
Hard Rock Hotel & Casino Biloxi Honors Veterans with Wreath-Laying Ceremony and Holiday Giving Initiative
-
News from the South - North Carolina News Feed5 days ago
Social Security benefits boosted for millions in bill headed to Biden’s desk • NC Newsline
-
Local News5 days ago
MDOT suspends work, urges safe driving for holiday travel
-
Mississippi News Video6 days ago
12/19- Friday will be breezy…but FREEZING by this weekend
-
News from the South - Missouri News Feed6 days ago
Could prime Albert Pujols fetch $1 billion in today's MLB free agency?
-
Our Mississippi Home5 days ago
Green Christmas Gifts for Critters and Yourself
-
Local News7 days ago
Trump calls for abolishing the debt ceiling
-
News from the South - Texas News Feed7 days ago
Amazon workers strike at facilities around the country as Teamsters seek contract