Hennigan re-elected to District 4 seat
December 4, 2015
Baton Rouge—District 4 trustee David A. Hennigan won re-election to his seat on the TRSL Board of Trustees. The retirement board received District 4 run-off election results at its December meeting. Hennigan of Shreveport received 54.78% of the vote, topping Breanke Mitchell, also of Shreveport, who received 45.22% of the vote. Hennigan’s new four-year term begins January 1, 2016. District 4 includes actively working TRSL member...
TRSL Board appoints interim trustee to District 3 seat
November 6, 2015
Baton Rouge – The Board of Trustees for the Teachers’ Retirement System of Louisiana (TRSL) made an interim trustee appointment at its November meeting. Tia T. Mills, Ed.D., of Baton Rouge, was appointed and sworn in to represent active members employed in District 3, which includes the parishes of Assumption, East Baton Rouge, Iberville, Lafourche, and Terrebonne. Mills is a teacher at Magnolia Woods Elementary School in East Bato...
National Council on Teacher Retirement: Medicare Part B Premium Increase Update
November 4, 2015
The below blog is from the National Council on Teacher Retirement "Medicare Part B Premium Increase Update." First, the bad news: Medicare Part B premiums for many, but not all, retired teachers and other public employees will still increase in 2016, despite recent action by the Congress that was signed into law by the President on November 2, 2015. The standard premium for those enrollees who pay their premiums directly to Med...
Report: Teacher retirement system adds $1.4 billion in assets
October 5, 2015
Baton Rouge—The TRSL Board of Trustees received good news at its October meeting when results of the system’s annual valuation report were presented. According to the report, TRSL’s assets and funded status are up, and employer contributions will go down. The system’s assets rose by $1.4 billion—an 8% increase over the previous fiscal year. Assets now stand at $17.5 billion, increasing the system’s fun...