Teacher Retirement Brings $14.5 Million to DeSoto

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 $425 million in retirement income to retirees and beneficiaries in North Louisiana . Statewide, TRSL retirees took home $2 billion.

In DeSoto Parish there were 513 recipients in 2022. They got a total of $14,449,056.

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.

More information on TRSL’s economic impact can be found in the 2023 Investing in Louisiana report.


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