Subscribe to our email list
Share this:
2014 Legislative Session: Stay in the know about retirement legislation
The 2014 legislative session started March 10, and will end June 2. TRSL is monitoring more than 30 bills that directly impact the retirement system, its members, and reporting employers.
Although there are no bills that would change the benefit structure or retirement eligibility for current TRSL members, House Bill 38 would raise the retirement age to 62 for new hires joining TRSL on or after July 1, 2014. Currently, TRSL members can retire at age 60 with at least five years of service.
Legislators will also consider several bills that would make changes to the state’s return-to-work laws, as well as legislation to provide a cost-of-living increase to eligible TRSL retirees and beneficiaries.  
4 easy ways to keep up with retirement legislation
  1. Read about each bill on the Legislation page on our website.
  2. Sign up to receive our eNews Legislative Updates.
  3. Follow us on Twitter.
  4. Like us on Facebook
TRSL Board of Trustees Elections: Important deadline approaching 
The deadline to qualify as a candidate in the 2014 TRSL Board elections is 4:30 p.m., Wednesday, April 30. TRSL will hold elections this year for the following active member districts/positions:
District 1: Candidates must be active members employed in Ascension, Jefferson, Plaquemines, St. Bernard, St. Charles, St. James, or St. John parishes.
District 7: Candidates must be active members employed in Acadia, Calcasieu, Cameron, Iberia, Lafayette, St. Mary, or Vermilion parishes.
Colleges & Universities: Candidates must be active members employed in a Louisiana public college or university.
Superintendents: Candidates must be active members employed as a city or parish school superintendent.
Letters of intent must be received at the TRSL office by the April 30 deadline. Method of delivery is limited to mail carriers that require proof of delivery. No other method of delivery will be accepted.
Eligible voters will receive a ballot in August.
NOTE: Retirees and mem­bers paid with school lunch funds are not eligible to become candidates and vote in the above positions. Retirees and school food service personnel each have their own representatives on the TRSL Board. Individuals employed in higher education who participate in the ORP are not members of TRSL, and therefore are ineligible to qualify as candidates or vote in TRSL Board elections.
Qualifying information specific to each election is available through the above links. More information about TRSL elections, including the 2014 election schedule is available on TRSL’s website, www.trsl.org
Workshops coming to a location near you! 
We're holding our annual Planning for Your Retirement workshop across the state in June and July. If you're within five years of retiring or entering DROP, this is the perfect workshop for you.

Learn about:
  • The valuable benefits available to you through TRSL membership
  • How to start the retirement application process
  • How to calculate your retirement benefits
  • How Social Security offsets may impact your retirement income
To attend, see our workshop schedule and register online today!
 
April 2014
TRSL retirement dollars at work in every parish
Just in case you didn’t know…TRSL’s economic impact in the state is substantial. The system paid out $1.8 billion in benefits last year. Of that, more than $1.63 billion went to individuals who live in Louisiana. TRSL retirement dollars are spent in every community in the state, supporting businesses and jobs. Want to read more of the good news? Check out TRSL’s economic impact report. 
DROP interest to be credited to eligible accounts
Were you eligible to participate in DROP before January 1, 2004? The DROP interest rate for these accounts is 12.91%, and will be posted this month.

NOTE: DROP accounts for members eligible to participate on or after January 1, 2004, earn interest at the liquid asset money market rate of return.
Financial experts agree...
It's beneficial to live with a little financial cushion in your life. Financial stress can rob you of productivity and even impact you physically with headaches and higher blood pressure. If you’re looking for some strategies to lessen financial stress, we’ve rounded up a few key takeaways.
Want to increase your personal finance and retirement knowledge? Sign up for TRSL's Roadmap to Retirement series!  
Website: www.trsl.org                                Email: web.master@trsl.org
PO Box 94123 | Baton Rouge, LA 70804-9123 US
powered by emma