Information about the unfunded accrued liability (UAL)
January 23, 2015
Every year there is a restatement of the unfunded accrued liability (UAL) based upon a number of factors. Some factors such as strong investment earnings and employer contributions reduce the UAL while others add to it. Events in FY 2014 that resulted in a change in the UAL from the previous year include the following: Cost method changed to entry age normal. TRSL is actuarially funded, which means many factors (past, present, and projected) ...
TRSL mails 1099-R forms
January 23, 2015
Baton Rouge – TRSL mailed all 1099-R forms today, and members should begin receiving them in the mail as soon as tomorrow. You will need your 1099-R to file your IRS tax return. For security, TRSL only prints the last four digits of your Social Security number on your 1099-R form. View your 1099-R form online You can view and print your 2014 Form 1099-R online with TRSL’s Member Access, and update your withholding status, if...
Office of Group Benefits (OGB) relocates to new office
January 21, 2015
Starting Monday, January 26, the Office of Group Benefits (OGB) will begin operating out of the Claiborne Building in downtown Baton Rouge. OGB’s new physical address is 1201 N. 3rd Street, Suite G-159, Baton Rouge, LA 70802 (map). However, the mailing address will remain the same—P.O. Box 66678, Baton Rouge, LA 70896. For answers to your questions about health and life insurance coverage, including benefits, premiums, and deduc...
TRSL recognized for excellence in pension administration
December 3, 2014
TRSL recently received the 2014 Public Pension Standards Award for plan funding and administration excellence, marking the 12th consecutive year the retirement system has been chosen for this distinction. The Public Pension Coordinating Council (PPCC), a coalition of three national associations representing more than 500 of the largest pension plans in the U.S., presents the award for high professional standards in key areas...