Louisiana Senate Bill SCR13

Louisiana 2023 Regular Session

• Introduced: 4/11/23
• Refer: 4/12/23
• Report Pass: 4/17/23
• Passed: 4/18/23
• Engrossed: 4/19/23

Caption

Commends retiring LASERS Executive Director Cindy Rougeou for her career of public service.

Impact

SCR13 serves to recognize the lasting impact that Rougeou's leadership has had on the state's public retirement system. Under her guidance, legislative reforms have resulted in over three billion dollars in cost savings and a reduction of unfunded liabilities through prudent investments. This transformation not only benefited the system but also served the interests of public employees who depend on LASERS for their post-employment security. The acknowledgment of Rougeou's contributions marks an important moment in the history of Louisiana’s public retirement management.

Summary

Senate Concurrent Resolution 13 (SCR13) commends Cynthia "Cindy" Young Rougeou for her distinguished career in public service and acknowledges her retirement from the Louisiana State Employees' Retirement System (LASERS). Over her three-decade tenure, Rougeou has significantly contributed to the management and reform of the state’s retirement system, overseeing critical changes that have led to substantial cost savings and improved service to members. The resolution emphasizes the importance of her role in ensuring the financial sustainability of LASERS, which serves over 100,000 public servants in Louisiana.

Sentiment

The sentiment surrounding SCR13 is overwhelmingly positive, reflecting gratitude and respect for Rougeou's service. Legislators from both parties have praised her commitment to improving the retirement system and ensuring that it meets the needs of its members. The resolution highlights various accolades and accomplishments from her career, indicating broad support within the legislature and a shared appreciation for her dedication to public service.

Contention

While SCR13 is a resolution honoring a public servant, it subtly reflects the broader discussions around retirement system reforms in Louisiana. The resolution recognizes the challenges faced by LASERS, underlining the necessity for continued reforms to ensure the system’s viability. Some may question future leadership and the path forward for LASERS after Rougeou's retirement, particularly concerning ongoing legislative pressures to further reform public sector retirement benefits.