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TRSL adds $1.1 billion in assets, DROP interest announced

The latest actuarial valuation report for the Teachers’ Retirement System of Louisiana (TRSL) held positive news about the pension plan that provides retirement benefits and services for more than 195,000 members. According to the report, the System’s assets and funded status increased over last fiscal year, and projected employer contributions for the next school year will go down. TRSL’s valuation assets increased by $1.1 b...

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TRSL Board makes interim appointment, receives election results

Baton Rouge - At its October meeting, the TRSL Board of Trustees made an interim appointment to the District 1 seat and received voting results for the colleges and universities election. DISTRICT 1: The board appointed Neshelle S. Nogess, M.B.A. of Lutcher to serve the remainder of the unexpired term of former District 1 trustee Britt Colon who resigned from the board in July. Nogess will serve as an interim trustee until December 31, 2018. ...

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Teachers' pension clinches #1 spot for investment returns

Baton Rouge – The Teachers’ Retirement System of Louisiana (TRSL) ended Fiscal Year 2018 with an 11.56% market rate of return (net of fees), making it #1 among public pension plans with assets greater than $1 billion. “We are extremely pleased with the performance of our investments,” said TRSL Director Dana Vicknair. “Thanks to our strong market return, TRSL has $21.05 billion in assets—up $1.5 billion over...

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Taylor wins retiree run-off election for TRSL Board

Baton Rouge — Receiving 77.4% of the vote, James A. Taylor, Sr., J.D., Ph.D., of Baton Rouge, has been re-elected to the TRSL Board of Trustees as a retiree representative. Results from the run-off election between Taylor and Nita Chambers of Alexandria were announced at the Board’s September meeting. “I am grateful for the support I received and pledge to continue to help make TRSL the most effective and efficient retirement...

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