Newsroom - TRSL - Teachers' Retirement System of Louisiana

TRSL outperforms peers in latest benchmarking study

Dec 6, 2016

Baton Rouge—The Teachers’ Retirement System of Louisiana (TRSL) saved more money, achieved higher returns, and provided better services than its public plan counterparts, according to the latest results from an independent benchmarking firm that studies public pension systems. Analysis conducted by the Toronto-based CEM Benchmarking, Inc. compares TRSL against similarly sized U.S. pension systems in the areas of investment performa...

Oct 11, 2016

Baton Rouge – The recommended interest rate for certain Deferred Retirement Option Plan (DROP) accounts is 6.17%, according to the latest valuation report for the Teachers’ Retirement System of Louisiana (TRSL). At its October meeting, the TRSL Board approved the valuation report presented by its actuary Shelley Johnson of Foster & Foster Actuaries and Consultants. The report includes the recommended 6.17% interest rate for DRO...

Oct 7, 2016

Baton Rouge— At its October meeting, the TRSL Board of Trustees received voting results for the Districts 3 and 5 elections, and made an interim appointment to the District 1 seat. District 3 (special election): Interim appointee Tia T. Mills, Ed.D., of Baton Rouge, received 60.6% of the vote in the District 3 special election, ahead of Teicha Warner Woods, of Prairieville, who received 39.4% of the vote. The TRSL Board ap...

Oct 5, 2016

Constitutional Amendment No. 5 is among six proposed changes to the state constitution that will appear on the ballot in the primary election set for November 8. If passed by voters, the amendment would establish the Revenue Stabilization Trust Fund and provide for the allocation of mineral revenues, a portion of which would be dedicated to pay down the balance of the unfunded accrued liability (UAL) after certain thresholds are reached. Th...

Sep 8, 2016

The IRS recently granted a waiver allowing flood victims, who have not yet retired, to access certain retirement plan accounts. Retirement plans administered by TRSL are currently not subject to this waiver. However, TRSL members who participate in a supplemental 403(b) retirement plan or who have a deferred compensation account may be able to take advantage of this waiver. Please check with your employer if you participate in a 403(b) plan or...

Sep 7, 2016

Annual member statements for 2016 are now available through TRSL's secure online Member Access. Your statement details your salary, contributions, and service credit for the fiscal year ended June 30, 2016. You can view and print your statement online by selecting "Member Account Statements" from the "My Account" drop-down menu at the top of the page. Not registered for Member Access? Click here to obtain a u...

Aug 26, 2016

This excerpt is taken from The Week in Public Finance in Governing magazine. Most Pensions Falling Behind A new analysis of state public pension plans this week shows that only one in three states are actually on a path to reduce their unfunded liabilities. The report, by the Pew Charitable Trusts, used a new metric called net amortization, which essentially measures whether a pension plan’s accounting assumptio...

Aug 22, 2016

TRSL resumed normal business hours on Monday, August 22. Please take note of the following updates regarding TRSL benefit payments: DROP withdrawals payable August 15 have been made. Please check your banking account to ensure it reflects your August 15 DROP payment. Member refunds scheduled for payment on August 20 will be mailed or direct deposited on August 24. If you are rolling your refund over into another qualified retirement pl...

Aug 16, 2016

Our thoughts and prayers are with the many TRSL members and employees who have been impacted by the historic flooding in our state. TRSL does not anticipate any disruption of September benefit payments via direct deposit. For individuals in flood-impacted areas who receive paper checks by mail, TRSL will monitor the situation and keep them posted regarding mail delivery issues. Some DROP checks payable August 15 and member...

Jul 1, 2016

Log into TRSL's secure Member Access to see your latest quarterly DROP/ILSB statement. As of July 1, quarterly DROP/ILSB statements will be available exclusively online through TRSL's secure Member Access. In our ongoing efforts to conserve resources, paper statements will no longer be mailed. Sign up for Member Access today to gain access to all of your important TRSL account information. If you need...

Report on pension reform in the U.S.

Jun 14, 2016

The National Association of State Retirement Administrators (NASRA) recently completed a comprehensive review and compilation of public pension reforms since the Great Recession and the global financial crisis. According to the report, Significant Reforms to State Retirement Systems, the period from 2009 to 2014 marked the greatest period of change in the history of public pensions. While there were no one-size-fits-all solutions, virtually every...

May 19, 2016

Today, Gov. John Bel Edwards signed three bills into law that, taken together, allow TRSL to pay a 1.5% permanent benefit increase (also called COLA) to eligible TRSL retirees and beneficiaries on July 1. Senate Bill 2, sponsored by Sen. Barrow Peacock, authorizes the 1.5% COLA calculated on the first $60,000 of the retirement benefit. Granting of the COLA was contingent upon passage of Senate Bill 5 and Senate Bill 18, also sponsored by Sen. ...

Apr 22, 2016

Interested in running for the TRSL Board of Trustees? Deadline to qualify is 4:30 p.m., Friday, April 29. Candidate eligibility requirements and qualifying procedures are available here.

Sign up for summer workshops today!

Apr 22, 2016

We’d love to see you at one of our Planning for Your Retirement workshops this summer. These workshops are designed specifically for people within five years of retiring or entering DROP. Come get your retirement questions answered. We’ll be in a town near you. Check the schedule Register today

Apr 4, 2016

Interested in running for the TRSL Board of Trustees? Deadline to qualify is 4:30 p.m., Friday, April 29. Candidate eligibility requirements and qualifying procedures are available here.

Mar 1, 2016

Washington, D.C.— A new report released by the National Institute on Retirement Security (NIRS) finds that women are far more likely than men to face financial hardship in retirement. The analysis finds that across all age groups, women have substantially less income in retirement than men. These findings are from the report, “Shortchanged in Retirement, The Continuing Challenges to Women’s Financial Future.” The ...

Feb 19, 2016

The good news: There are more financial planning tools now than ever before! The bad news: More than half of working-age households aren’t prepared for retirement, and new data shows that number is climbing. Next week is America Saves Week. It’s an annual event to help more Americans learn about good savings behaviors and make a commitment to their own financial security. To read more, click here.

DROP interest approved

Jan 26, 2016

Baton Rouge — Deferred Retirement Option Plan (DROP) accounts for members who were eligible to participate in the program before January 1, 2004, will be credited with interest at 10.76%. Interest has been posted to eligible accounts. The Public Retirement System's Actuarial Committee (PRSAC) adopted the Teachers' Retirement System of Louisiana (TRSL) actuarial valuation, which included DROP interest, on January 21. TRSL ...

TRSL mails 1099-R forms

Jan 26, 2016

Baton Rouge—TRSL has mailed all 1099-R forms for benefit and DROP members. Members in zip code prefix 707 and 708 should begin to receive their 1099s on Thursday, January 28. Members outside of those areas should begin to receive theirs on Friday, January 29. You will need your 1099-R to file your IRS tax return. For security, TRSL only prints the last four digits of your Social Security number on your 1099-R form. View your 1099-R form ...

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