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 email@example.com.
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.
St. Tammany Retired School Employees’ Association Holds First Meeting of Year
The St. Tammany Retired School Employees’ Association (STRSEA) held its first meeting of the year September 11, 2014, at the Treen Technology Center in Mandeville, with Jamie Seals as guest speaker telling about the St. Tammany Federal Credit Union.
Graig Luscombe, Executive Director of the Louisiana Retired Teachers Association (LRTA) , spoke briefly about current legislative issues and the possibility of another cost of living increase from the Teachers Retirement System of Louisiana (TRSL)
Eighty seven people attended the meeting, filling the Treen Center conference hall.
Co-president Marian Arrowsmith hosted the event, with reports by Secretary Bev Musson, Treasurer Ron Caruso, Membership chairperson Rhonda Chambers, and
At the November 13 meeting an update on the status of the school system will be given by St. Tammany Public Schools Superintendent Trey Folse.
“The STRSEA is growing rapidly, in large part because our organization follows important retirement benefit issues, provides information about local and state public education matters, offers informative and interesting programs and activities and promotes fellowship among former co-workers and new friends who have mutual interests,” said STRSEA Co-President Marian Arrowsmith.
The STRSEA meets throughout the year on the second Thursday of September, November, December, March and May, including an annual Christmas party and spring luncheon.
“We hope our retirees will join both the LRTA and the STRSEA, and we look forward to working collectively to increase membership this year,” said Co- President, Jean Krieger. “We believe these organizations have much to offer retired St. Tammany school employees,” she said.
UPCOMING Meeting Dates
Nov. 13, 2014 - 10:00 a.m
Treen Tech Center, Mandeville
Dec. 11, 2014 - 11 a.m.
at Treen Tech Center
January - Date to be Announced
Meeting the Legislators
March 12, 2015 - 10 a.m.
May 14, 2015 - 11 a.m.
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.