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TRSL Valuation: Funded status jumps; projected DROP interest rate announced

Baton Rouge—The latest actuarial valuation report for the Teachers’ Retirement System of Louisiana (TRSL) shows the System’s funded status continues to climb, reaching 67.1%, up from 65.8% last year. The funded ratio is a measure of the retirement system’s assets against its liabilities and is a metric commonly used to gauge a pension plan’s financial position. The funded status has increased 23% from 2010 when th...

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TRSL Board receives election results for Districts 2 & 4

At its October meeting, the TRSL Board of Trustees received voting results for the District 2 and District 4 elections.   DISTRICT 2:   Lotte T. Delaney, of Slidell received 55.1% of the vote in the District 2 election, ahead of John George Parauka of Mandeville, who received 44.9% of the vote.                        &...

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New IRS tool makes it easier to check your tax withholding

The IRS has released the new Tax Withholding Estimator, which makes it easier for retirees to pay the correct amount of tax. This tool helps you tailor the amount of tax withheld from your income to target a tax due amount close to zero or a refund amount. Also, new features for pension income provide more accurate estimates of withholding, and it even automatically calculates any taxable Social Security benefits.  ...

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TRSL/LASERS letter to the editor

This letter to the editor was published in The Advocate on June 13, 2019. The close of the 2019 legislative session and the departure of many respected legislators is a fitting time to reflect on strides the state has made to protect the health of its two largest pension plans that provide retirement benefits to public school teachers and state employees. For those who are unaware, Louisiana has been a frontrunner in the nation for implemen...

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