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 $199 million in retirement income to retirees and beneficiaries in Central 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.
