Interest to be paid on certain DROP accounts
March 18, 2014
Deferred Retirement Option Plan (DROP) accounts for members who were eligible to participate in the program before January 1, 2004, will be credited with interest at 12.91%. Interest will be paid by the end of April. The Public Retirement Systems’ Actuarial Committee (PRSAC) adopted the Teachers’ Retirement System of Louisiana (TRSL) actuarial valuation, which included DROP interest, on March 18. TRSL will send these DROP partic...
TRSL ranks among the best performing public pension funds
March 13, 2014
Baton Rouge – The Teachers’ Retirement System of Louisiana (TRSL) recently received notice that its investment performance ranked in the top 12th percentile of public pension funds with assets exceeding $1.0 billion for the 10-year period ending March 31, 2014. The ranking is done by Wilshire Trust Universe Comparison Service (TUCS)—the most widely accepted comparison service for public pension fund investment performance. ...