Three of Louisiana's state pension funds will be closed Tuesday and Wednesday because of Tropical Storm Isaac.
The pension funds are the $13.7 billion Louisiana Teachers' Retirement System, $9.3 billion Louisiana State Employees' Retirement System and $1.4 billion Louisiana School Employees Retirement System, all of Baton Rouge.
The teachers and school employees plans expect to reopen Thursday, spokesmen at the plans said.
“That's our current plan, if the storm will allow us to,” said Lisa Honore, Louisiana Teachers spokeswoman. “It's kind of a fluid situation.”
According to a statement from the state employees pension fund, additional closures may occur as necessary. LASERS spokeswoman Tonja Normand did not return a phone call by press time.
Osey “Skip” McGee Jr., executive director of the $2 billion Louisiana Sheriffs' Pension & Relief Fund, said their offices will be open until noon CDT on Tuesday and will be closed on Wednesday.
“We expect to be back in on Thursday,” Mr. McGee said.
New Orleans' City Hall, where the $312 million New Orleans City Employees Retirement System has its offices, is closed Monday and Tuesday, according to the city's website.
Gov. Bobby Jindal on Sunday declared a state of emergency for all of Louisiana.
Forecasters expect Isaac to strengthen into a hurricane and make landfall south of New Orleans on Wednesday, the seventh anniversary of Hurricane Katrina.