In the news: New report calls attention to women's retirement needs.
July 20, 2015
A new report details the unique challenges many women face in accessing a secure retirement. Read the report here. At TRSL, our members have a defined benefit retirement plan that provides a reliable source of income during retirement. Find out more about your TRSL retirement by visiting these web pages: · What Are My Benefits? · &nbs...
Did you know?
April 16, 2015
Did you know… A TRSL benefit is more affordable for employers than Social Security (4.2% rate versus 6.2% rate next year). At 8% of salary, teachers pay for the lion’s share of their benefits. The unfunded accrued liability (UAL) is mostly past debt the state owes TRSL. TRSL provides a modest, yet reliable source of income to more than 73,000 retirees and beneficiaries, giving them buying power in their local communities. ...
Unfunded accrued liability (UAL): The Facts
March 27, 2015
Fact: People often confuse the actual cost of providing a teacher’s retirement benefit with the state’s obligation to pay down debt accrued through years of underfunding the retirement system. These are two different costs. Fact: Teachers and employers both make contributions to fund the actual cost of a retirement benefit. This is called the normal cost. Fact: The normal cost for this school year is 13%. Of that, teachers pay 8...
Cost-of-living proposals modest: Letter
March 13, 2014
This letter was originally published in The Advocate. Inflation erodes the value of a dollar, often making it hard for families to make ends meet. Working Americans count on cost-of-living adjustments in retirement to help them protect their purchasing power. While it would be nice to grant a COLA every year, that doesn’t happen in Louisiana. The state has rigorous requirements in place that must be met before any COLA can be granted ...