Recent News

Baton Rouge — David A. Hennigan, of Shreveport, has been re-elected to serve on the TRSL Board of Trustees as the District 4 representative. Results from the run-off election were announced at the Board’s December meeting.   Hennigan, who is an accountant with the Bossier Parish School Board, received 55% of the vote, ahead of Cynthia Y. Henderson, also of Shreveport, who received 45% of the vote.   In January, Hennigan ...

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...

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. In January, she will take the oath of office for her new four-year term as District 2 representative. Delaney is the Chief Financial Offi...

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.  ...

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...