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The City of New Orleans

Mayor Mitchell J. Landrieu

New Orleans Municipal Employees' Retirement System

The City of New Orleans Employees' Retirement System was established and placed under the management of the Board of Trustees and supported by a full-time staff for the purpose of providing retirement allowances and death benefits for all officers and employees of the city and the parochial and judicial officers and employees of parish. The retirement system is a defined benefit plan as defined by Section 401(a) of the Internal Revenue Code. The original effective date of the retirement system is July 1, 1947. 

Announcement

Election for Employee Representative on the Board of Trustees of the New Orleans Municipal Employees’ Retirement System (NOMERS)

Term of Office

3 years, beginning July 1, 2014

Duties

Attend monthly board meetings and special meetings with financial advisors. Trustees have fiduciary responsibility for a pension system with assets of approximately $368 million and approximately 2481 active and DROP members and 1910 retirees and survivors. Trustees shall administer the system solely in the interest of the system members and beneficiaries, and exclusively to provide benefits to the members and beneficiaries. No trustee shall have any direct interest in the gains or profits of any investment made by the board. Trustees are covered by the City and State Code of Governmental Ethics. Trustees serve without compensation. City employees may use Civil Leave while attending retirement system meetings.

Who Can Run

Any person domiciled and registered to vote in Orleans Parish who is nominated by 25 active or DROP members of the retirement system.

Nomination Period

Monday, February 17, 2014, 9:00 a.m. through Friday, March 7, 2014, 5:00 p.m. Nomination form(s) must be received by 5:00 p.m. on March 7, 2014, in the office of the Municipal Employees’ Retirement System, Room 1E12 City Hall, 1300 Perdido Street, New Orleans, LA 70112. Nominations will be certified by retirement system staff. Each member may nominate only one candidate.

Election Process

The election process will be carried out by the Civil Service Department under the supervision of the City Personnel Director and in accordance with the rules of the Board of Trustees and Chapter 114 of the City Code. Each candidate may submit a 50 word statement and a photograph, if desired, to the Civil Service Department, Rm. 7W03 City Hall, by 5:00 p.m., Friday, March 28, 2014, for election materials. A primary election is scheduled to be held by secret mail ballot in April 2014. If no candidate wins a majority, a run-off election of the top two candidates is scheduled to be held by secret mail ballot in May/June 2014. If only one qualified candidate is nominated, he/she will be declared elected by the Personnel Director. The winner will join the Board of Trustees in July 2014.

Who Can Vote

Any active employee who is a participant in the system or any DROP employee. Ballots will be sent to the employee’s address of record as of March 7, 2014. Be certain that your address information in AHRS or other personnel system is correct. Updates of address information should be made through departmental HR representatives.

For further information

Contact Doddie Smith, Civil Service Department, 658-3543. Nomination forms may be picked up at Retirement or Civil Service beginning February 17, 2014.

Download the announcement

City of New Orleans Employees’ Retirement System Investment Manager Search

 

Current Fund Status

NOMERS Retirement Fund (Unaudited)
Previous Quarter Current Quarter % Change
07/01/13—09/30/13 10/01/13—12/31/13  
$356,539,722 $370,603,590  +3.94%

 

 
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Last updated: 4/22/2014 8:45:14 AM

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