INFORMATIVE EMPLOYEE LINKS
Teachers' Retirement System of Louisiana (TRSL)
TRSL is the state's largest public retirement system, providing services and benefits to more than 160,000 individuals. Founded in 1936, TRSL is a governmental defined benefit plan qualified under Section 401(a) of the Internal Revenue Code as a public trust fund to provide retirement benefits for its members. TRSL is funded by member and employer contributions and earnings from investments. TRSL is governed by a 16-member Board of Trustees.
Louisiana School Employees' Retirement System (LSERS)
Created on July 31, 1946, the Louisiana School Employees' Retirement System (LSERS) has over 25,000 active and retired members of which 12,450 are retired. Our members are comprised of non-instructional personnel of the Louisiana public school system. This includes school bus drivers; janitors; custodians; maintenance employees; school bus aides, monitors, and attendants; and other regular school employees who actually work on school buses helping with the transportation of school children. Employees must also work more than 20 hours per week in order to be a member of this system.
Louisiana State Employees' Retirement System (LaSERS)
The Louisiana State Employees' Retirement System (LASERS) provides defined benefit plans for various categories of members: Regular State Employees, Hazardous Duty Services, Correctional Officers, Wildlife Agents, Peace Officers, Bridge Police for the Crescent City Connection (DOTD), Alcohol and Tobacco Agents for the Department of Revenue, Certain State Legislative Officers and Elected Officials, Judges and Court Officers. The membership totals over 150,000 active, inactive and retired members.
Parochial Employees' Retirement System of Louisiana (PERS)
The Parochial Employees' Retirement System is a public defined benefit pension plan which provides retirement allowances and other benefits, operating pursuant to LSA R.S. 11:1901 through 2015. Act 205 of 1952 established this retirement system, effective January 1, 1953. A comprehensive revision of the retirement system's law became effective January 1, 1980 and provides for two separate retirement plans. PLAN A was designed for employers out of Social Security. PLAN B was designed for those employers that remained in Social Security. The system provides benefits to all of the civil parishes in Louisiana except Orleans, East Baton Rouge and Lafourche. Agencies who are wholly or partially funded with parish funds may enter into an agreement for participation.
Social Security Administration
The Social Security Act was signed into law by President Roosevelt on August 14, 1935. In addition to several provisions for general welfare, the new Act created a social insurance program designed to pay retired workers age 65 or older a continuing income after retirement. The Social Security Act did not quite achieve all the aspirations its supporters had hoped by way of providing a "comprehensive package of protection" against the "hazards and vicissitudes of life." Certain features of that package, notably disability coverage and medical benefits, would have to await future developments. But it did provide a wide range of programs to meet the nation's needs. In addition to the program we know think of as Social Security, it included unemployment insurance, old-age assistance, aid to dependent children and grants to the states to provide various forms of medical care. (read more at their website)
Louisiana Department of Revenue
“Our Vision: to be a results-based, innovative, and focused organization capable of responding rapidly to the needs of our stakeholders.” “Our Mission: to fairly and efficiently collect state revenues to fund public services; and to regulate the sale of alcoholic beverages, tobacco, and charitable gaming in Louisiana.”
Internal Revenue Service
Statutory Authority: The IRS is organized to carry out the responsibilities of the secretary of the Treasury under section 7801 of the Internal Revenue Code. The secretary has full authority to administer and enforce the internal revenue laws and has the power to create an agency to enforce these laws. The IRS was created based on this legislative grant. Section 7803 of the Internal Revenue Code provides for the appointment of a commissioner of Internal Revenue to administer and supervise the execution and application of the internal revenue laws.
360 Degrees of Financial Literacy
360 Degrees of Financial Literacy is a FREE PROGRAM of the nation's certified public accountants to help Americans understand their personal finances through every stage of life.
Retirement Business Ideas
If you are retired, it is time to start enjoying life. You have put in your time and energy to build up your savings and retirement funds so you can travel, explore your passions, and partake in the simpler pleasures life has to offer. However, looming in the background is the notion that there is a finite amount of money to see you through your retirement years. To remedy this nagging fear, many people are exploring retirement business ideas.