DROP interest approved

January 26, 2016

Baton Rouge — 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 10.76%. Interest has been posted to eligible accounts.

The Public Retirement System's Actuarial Committee (PRSAC) adopted the Teachers' Retirement System of Louisiana (TRSL) actuarial valuation, which included DROP interest, on January 21.

TRSL will send these DROP participants a letter indicating the interest amount posted for Fiscal Year 2015. You can also view the interest posted to your account through our secure Member Access available at www.TRSL.org.

As we continue with our Going Green project, after April 2016, TRSL will no longer mail updated DROP/ILSB statements. Updated quarterly statements will be available online in April, July, October, and January.

NOTE: DROP accounts for members eligible to participate on or after January 1, 2004, earn interest at the liquid asset money market rate.