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TRSL Board of TrusteesThe TRSL Board of Trustees meets monthly and is made up of 12 elected members who serve four-year terms and four ex officio members. The TRSL Board is responsible for safeguarding and managing the assets
held in trust to provide retirement income for system members. Each trustee serves as a fiduciary—someone
who holds assets in trust for a beneficiary. A fiduciary is required to
act with scrupulous good faith and with the best interests of the
beneficiary always in mind. The TRSL Board is also required to adhere to
the " prudent-man
rule," which requires each fiduciary to act with discretion
and intelligence, seek reasonable returns, and preserve capital. Members of the TRSL Board must also complete continuing education or professional
development training each year in investments, actuarial science, law,
and
ethics. TRSL Board members
- Seven district representatives. The seven TRSL districts include all parishes in the state. Members vote in the district where they are employed. These seven Board members represent all active TRSL members not represented by one of the elected Board members described below.
District 1: |
Ascension, Jefferson, Plaquemines, St. Bernard, St. Charles, St. James,
and St. John parishes
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| District 2: |
Orleans, St. Tammany, and Washington parishes |
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| District 3: |
Assumption, East Baton Rouge, Iberville, Lafourche, and Terrebonne
parishes |
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| District 4: |
Bienville, Bossier, Caddo, Claiborne, DeSoto, Lincoln, Natchitoches, Red
River, Sabine, and Webster parishes |
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| District 5: |
Caldwell, Catahoula, Concordia, East Carroll, East Feliciana, Franklin,
Jackson, Livingston, Madison, Morehouse, Ouachita, Richland, St.
Helena,
Tangipahoa, Tensas, Union, West Carroll, and West Feliciana parishes |
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| District 6: |
Allen, Avoyelles, Beauregard, Evangeline, Grant, Jefferson Davis,
LaSalle, Pointe Coupee, Rapides, St. Landry, St. Martin, Vernon,
West
Baton Rouge, and Winn parishes |
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| District 7: |
Acadia, Calcasieu, Cameron, Iberia, Lafayette, St. Mary, and Vermilion
parishes
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- One representative for parish/city superintendents elected by active members employed as a parish/city superintendent of schools in Louisiana
- One representative for state colleges/universities elected by
TRSL members employed at a Louisiana college/university
- One representative elected by active members who are paid with
school food service funds
- Two representatives elected by retired TRSL members
- Four ex officio members: the State Superintendent of Education, the State Treasurer, and the Chairs of the House and Senate Retirement Committees
Need more information?
 Fiduciary Responsibility Prudent-Man Rule
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