TRSL outperforms peers in latest benchmarking study
December 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...
Proposed Fiscal Year 2016 DROP interest rate announced
October 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...
TRSL Board receives election results, makes interim appointment
October 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...
Constitutional Amendment No 5: How will it affect TRSL?
October 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...