Comments for Retire-rehire bill scheduled for Senate debate at http://www.theind.com , comment 1 to 4 out of 4 comments http://www.theind.com Sat, 18 May 2013 09:33:08 +0100 FeedCreator 1.7.3 http://www.theind.com/news/indreporter/6398-retire-rehire-bill-scheduled-for-senate-debate#comment-8302 RE: the real story "For more information about TRSL" ---------------------- I feel a lot better now, not. Math does not work when some one works for 20 to 30 years then gets paid for another 20 or 30. Government workers should fund their own retirement with IRAs, 401ks or other plans. Unfortunately, the laws of math and not fuzzy like laws of politicians. - Ariana Puffington Wed, 16 Jun 2010 08:37:31 +0100 http://www.theind.com/news/indreporter/6398-retire-rehire-bill-scheduled-for-senate-debate#comment-8298 real story: is the Bloomberg article true or false? Cut to the chase and give me a one word answer. Not all this B.S. of a tap-dance answer. You smart folks think the longer the answer is the smarter you look. But we are starting to under stand ya'll BULL S***! That pupply don't hunt no mo my bro! - I Noticed Tue, 15 Jun 2010 16:38:34 +0100 http://www.theind.com/news/indreporter/6398-retire-rehire-bill-scheduled-for-senate-debate#comment-8293 For more information about TRSL, please visit our web site at: http://www.trsl.org Date: May 20, 2010 Contact: Lisa Honore, Ph.D. Public Information Director 225-925-6109 TRSL responds to report about pension liabilities Baton Rouge— A report out of Northwestern University regarding the ability of Louisiana’s public pensions to meet future benefit obligations is misleading and is based on erroneous assumptions. The report’s author admits his analysis assumes that states will only pay the actual cost of funding retirement benefits, but make no payments on unfunded liabilities. In fact, Louisiana has paid actuarially required contributions toward retirement benefits which includes payments on unfunded liabilities every year since 1989, as required by state law. So the assumption that these payments have not and will not be made is without merit. TRSL has been providing retirement benefits since its creation 74 years ago, earning a reputation as a reliable source of post-employment income to its more than 62,000 retired members. Furthermore, Louisiana has taken significant steps in the last 20-plus years to ensure retirement benefits remain secure for years to come, including the following: 1987: As mentioned above, Louisiana voters approved a constitutional amendment requiring TRSL to be funded on an actuarially sound basis through calculations designed to fully fund the cost of pension benefits and pay off the existing unfunded liability by 2029. 2007: Constitutional provisions were added to prohibit granting new benefits without identifying a funding source that will pay off the cost within 10 years. 2006, 2008: In these two years, the Legislature appropriated a combined $66 million to reduce TRSL’s unfunded accrued liability (UAL). 2009: The Legislature passed Act 497 which reamortized the unfunded liabilities, setting up more level and affordable payments over the course of the UAL payment schedule. In June 2010, $778 million will be applied to TRSL’s unfunded accrued liability to reduce this debt. As in the past, TRSL will continue to work with the Legislature and all stakeholders to promote constructive actions that will benefit Louisiana and its retirees both now and in the future. ### 8401 United Plaza Boulevard Baton Rouge, LA 70809 225-925-6446 - the real story Tue, 15 Jun 2010 11:57:44 +0100 http://www.theind.com/news/indreporter/6398-retire-rehire-bill-scheduled-for-senate-debate#comment-8282 I noticed yesterday on Bloomberg that Louisiana is one of seven (7) states that will run out of money to pay retirees by the year 2020 (that's 10 years folks). It is also one of the seven (7) states that has increased hiring. Now that tells me one of two things. 1. Bobby Jindal is the same-old, same-old of the old school politicians. or 2. We have the dumbest people in the legislature and senate to put us in the hole we are now in. Why doesn't the ind. write an article about this. When the people of this state realize what is going on, maybe something will be done to correct the situation - I Noticed Mon, 14 Jun 2010 15:02:18 +0100