Information about IRS Waiver for Flood Victims
September 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...
Annual member statements now available through Member Access
September 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...
Report: Louisiana public pension plans among best in U.S.
August 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...
UPDATE: Louisiana flooding and TRSL benefit payments
August 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...