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Published 1 year ago

Lafayette files suit against Municipal Employees' Retirement System of Louisiana

Summary by Ground News
Lafayette Consolidated Government (LCG) has filed a lawsuit against the Municipal Employees Retirement System (MERS) of Louisiana. MERS' recent demand in the amount of $14,787,012 for unfunded accrued liability (UAL) According to an actuary, MERS is incorrectly calculating the unfunding accrued liability. LCG has requested a declaratory judgment for the suit.

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