Baton Rouge, La. — The latest economic impact report from the Teachers’ Retirement System of Louisiana (TRSL) shows that retirement dollars are fueling regional economies across Louisiana.
In Fiscal Year 2022, TRSL provided $425 million in retirement income to retirees and beneficiaries in North Louisiana (see chart below for a parish-by-parish breakdown). Statewide, TRSL retirees took home $2 billion.
Other highlights from the report:
TRSL pensions support approximately 15,507 Louisiana jobs and more than $719 million in income.
TRSL has invested more than $1.1 billion in companies that do business in Louisiana, supporting economic and job growth in the state.
Almost 90% of the retirement dollars TRSL pays out goes to individuals who live in Louisiana, where they buy local goods and services.
Less than a penny of every dollar spent at TRSL is for administrative expenses. TRSL provides a high level of service at a low cost.
More information on TRSL’s economic impact can be found in the 2023 Investing in Louisiana report.
To report an issue or typo with this article – CLICK HERE