Retirement

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.

Click here to access TRSL website.

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.

Click here to access the LSERS website. 

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.

Click here to access the LASERS website.

What is a 403(b) savings plan?

A 403(b) Savings Plan allows employees to contribute a portion of their salary to prepare for income needs after retirement. Enrollment in a 403(b) is voluntary and is in addition to the state retirement plans (LSERS/LASERS/TRSL). 

why contribute to a 403(b) savings plan?

Watch this short video from Voya Financial to learn about the importance of contributing!

1. TAX-FREE: Your contributions are deducted pre-tax. With traditional 403(b) plans, you do not pay taxes until you withdraw funds after retirement.

2. COMPLETE CONTROL OVER CONTRIBUTIONS: The contribution limit for a 403(b) plan in 2022 is $20,500. You can adjust your contributions at any time.

3. FILL IN THE GAPS: 403(b) savings plan can supplement your income needs after retirement. Your state retirement may not cover all financial obligations after retirement.

ready to enroll in a 403(b) plan?

If you would like to enroll in a 403(b) savings plan, contact one of our local financial advisors through Voya Financial.