Teachers' pension clinches #1 spot for investment returns
September 11, 2018
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...
Taylor wins retiree run-off election for TRSL Board
September 6, 2018
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...
What you need to know about Social Security and your TRSL retirement
September 4, 2018
TRSL members may be eligible for Social Security benefits through their spouse or from another job in which they paid into Social Security. However, under federal Social Security law, these benefits may be reduced or even eliminated upon receiving a retirement benefit from TRSL. So, why will my Social Security benefits be reduced or eliminated? Originally, the State of Louisiana was not allowed to participate in Social Security to...
Important tax information for TRSL retirees
August 23, 2018
TRSL retirees and beneficiaries: Following the passage of the 2017 Federal Tax Cuts and Jobs Act and subsequent changes to 2018 federal withholding tax tables, the IRS created a withholding calculator to help taxpayers determine the correct amount of federal income tax to withhold. Throughout 2018, the IRS has been reminding taxpayers to review their tax situations and use the IRS withholding calculator to ensure that they will ha...