TRSL adds $1.8 billion to teacher trust
Teachers’ Retirement System of Louisiana, the state’s largest public retirement system, added $1.8 billion to the system trust as of January 31, 2011, bringing the total value of assets to $13.2 billion.
“This is a direct result of the strong performance from our investments,” said Anne H. Baker, chair of the TRSL Board of Trustees. “As the markets continue to experience sustained growth, we will see the value of our assets rise.”
For the period July 1, 2010, through January 31, 2011, the retirement system posted an impressive 18.7 percent total investment return. Domestic and international equities led the way, earning 28.24 and 26.95 percent, respectively.
“We constantly monitor our portfolio to ensure the diversification of assets will produce the best returns possible while minimizing risk,” TRSL chief investment officer Philip Griffith said.
TRSL provides retirement benefits to almost 64,000 retirees and beneficiaries. In fiscal year 2010, TRSL paid out more than $1.53 billion in retirement benefits. Some 89 percent of individuals receiving TRSL benefits live in Louisiana. For more information about TRSL, visit www.trsl.org.