New report shows impact of pensions (by parish)
May 26, 2017“Pensions in the Parishes,” a new report by Jeanie Donovan of the Louisiana Budget Project illustrates how Louisiana’s pension systems, including TRSL, impact each parish. The report finds that Louisiana’s state pension systems are critical to working families and retirees across the state, and also serve as key economic drivers in every city, town and parish in Louisiana.
According to the report, Louisiana’s pension systems pay out more than $4 billion in benefits to 164,000 retirees and their families every year—an amount equivalent to 2% percent of all personal income in the state.
To read the full report, click here.