Baton Rouge - The latest valuation report for the Teachers' Retirement System of Louisiana (TRSL) shows the retirement system's assets at $14.6 billion for fiscal year ended June 30, 2013, an increase of more $1.09 billion compared to Fiscal Year 2012.
TRSL's actuary, Shelley Johnson of Foster & Foster Actuaries and Consultants, presented the report to the TRSL Board at its October meeting.
Johnson also reported that-for the first time-payments on the state's debt owed to the retirement system were more than enough to cover the interest. Going forward, the state's payments will be relatively level, and will decrease dramatically closer to the payoff date. This is positive news for TRSL-reporting employers, including school boards, certain charter schools, colleges, and universities.
The valuation report also includes changes to the demographic makeup of the retirement system. The number of retirees rose to 71,031 in Fiscal Year 2013 from 67,657 in Fiscal Year 2012. The number of actively working and contributing TRSL members dropped two percent to 82,910.
Information in the valuation report is preliminary until it is adopted by the Public Retirement Systems' Actuarial Committee (PRSAC).
Meeting Honors Veterans and Offers Interesting Program for the 50 +
A remembrance of our country’s veterans and veterans within the ranks of the School System and the STPRSEA highlighted the November 14, 2013, STPRSEA held in Slidell. Patriotic music and information about a Louisiana Secretary of State’s Office veterans’ recognition program, which is tied to increasing voter participation, were prominent on the agenda. Retirees may contact the Secretary of State about the program at 225-342-4479 or www.sos.la.gov/honorvets.
Retirees also enjoyed an informative presentation by Christie Trew, Program Coordinator for the Ochsner Golden Opportunity Program. The program offers a wide variety of services for individuals who are 50 years and older, including health education programs and screenings and interesting group travel opportunities both inside and outside the state. For more information about membership in the program, retirees may contact Christie Trew at 985-875-2799 or firstname.lastname@example.org.
Before dismissing for socializing and making lunch plans together, the group elected a nominating committee to present a slate of officers for the next school year.
About Us - Officers, Board of Directors, Message from the President, Grant Information, School Board Resolution
Membership - Reasons for Joining, How To Join, Cost of Membership
News - Short news items about Association activities, events, photographs
The St. Tammany Parish Retired School Employees’ Association (STPRSEA) meets regularly throughout the year to provide opportunities for retirees from the school system to hear about the latest local and state retirement issues and to enjoy fun and fellowship with new and former friends.
Our goal is to promote the social, professional, and economic status of retired and active school employees and work in cooperation with the Louisiana Retired Teachers' Association (LRTA) and other organized groups in matters of interest to retired school employees, active school personnel, and parish and state public schools.
The new officers for 2014-2015 are, from left to right, Treasurer Ronald Caruso, 2nd Vice President Ellen Lamarque, Co-President Marian Arrowsmith, 1st Vice President Rhonda Chambers, and Secretary Beverley Musson. Not pictured is Co-president Jean Krieger.
St. Tammany Retired School Employees’ Association To Hold December 11th
The St. Tammany Retired School Employees Association (STRSEA) will hold its Dec. 11 meeting and annual Christmas party at 11 a.m. in the David Treen Technology Center at 2024 Livingston St., in Mandeville. “We always look forward to this holiday meeting each year, and we invite all members to join in the celebration and fellowship, as we continue this much-loved tradition,” said STRSEA co-president Marian Arrowsmith.
All those attending the meeting are asked to bring a covered dish, salad or dessert for the Christmas luncheon. Anyone wishing to donate a gift for the door prize portion of the meeting is asked to bring a prize as well.
The program will include special guest, Louisiana State Representative John Bel Edwards, to discuss public education topics in our state. In keeping with the season, caroling and fellowship will follow. For further information about the meeting or about the STRSEA, contact Marian Arrowsmith at 626.5880.
Technology Training Offered
Technology training entitled “Working with Digital Photos”, will be held on Wednesday, December 10th at 1:30 p.m. All STRSE retirees are invited to attend this training held at the Treen Technology Center in Mandeville. Scenes from a previous technology training session are pictured at left.
With the success of a fall technology workshop for retirees, the association has planned this future workshop. All STRSEA retirees are invited to attend this training held at the Treen Technology Center. For registration or more information please contact Susan Grantham at at 674-3540.