Did you know?
April 16, 2015
Did you know…- A TRSL benefit is more affordable for employers than Social Security (4.2% rate versus 6.2% rate next year).
- At 8% of salary, teachers pay for the lion’s share of their benefits.
- The unfunded accrued liability (UAL) is mostly past debt the state owes TRSL.
- TRSL provides a modest, yet reliable source of income to more than 73,000 retirees and beneficiaries, giving them buying power in their local communities.
- Most TRSL members cannot participate in Social Security. A TRSL benefit is often their sole source of retirement income.
- TRSL pensions support approximately 18,674 Louisiana jobs and nearly $783 million in income.
To read about the economic impact of TRSL benefits, click here.