Practice

2023 Spring District Meeting Packets

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2023 Legislative Priorities LRTA supports legislation that will positively affect retired teachers and opposes legislation that will adversely affect retired teachers. LRTA also supports efforts to maintain adequate funding for top quality public education in Louisiana. Although these priorities are listed in numerical order, the items listed are all top priorities of LRTA.

1. LRTA supports a retirement benefit structure administered by the Teachers’ Retirement System of Louisiana that includes adequate and stable funding for regular cost-of-living increases to preserve the purchasing power of retirees.

2. LRTA supports COLA reforms that provide for supplemental benefit increases on a regular basis as the UAL is reduced and paid through the cost savings to the state.

3. LRTA supports dedicated allocations from state funds to meet the state’s obligation to reduce the Initial Unfunded Accrued Liabilities (IUALs) of the Teachers’ Retirement System of Louisiana without causing an adverse budget impact on public education agencies or retirees.

4. LRTA supports state revenue enhancements that provide a meaningful economic impact on retired educators in enhancing their dignity, independence and overall quality of life.

5. LRTA supports funding from state funds to offset increasing costs of health insurance premiums and other benefits for retired educators offered by the Office of Group Benefits and other health care insurers and providers.

6. LRTA opposes any action that would negatively impact the actuarial soundness of the Teachers’ Retirement System of Louisiana.

7. LRTA opposes the consolidation of the Teachers’ Retirement System of Louisiana with any other retirement system.

8. LRTA opposes the consolidation of assets of the Teachers’ Retirement System of Louisiana with any other retirement system, and opposes any other action that would dilute membership control of the investment of the assets of the Teachers’ Retirement System of Louisiana.

9. LRTA opposes any action that would alter the current defined benefit structure offered by the Teachers’ Retirement System of Louisiana to its members.

10. LRTA supports a viable, adequately funded public education program that requires educators to become members of the Teachers’ Retirement System of Louisiana.

11. LRTA opposes the provision of state funded scholarships/vouchers for public elementary and secondary school students to attend private and non-public schools.

12. LRTA supports both the partial and/or full repeal of the Government Pension Offset (GPO) and the Windfall Elimination Provision (WEP) of the Social Security Administration and opposes mandatory Social Security coverage of public employees in Louisiana.

13. LRTA supports the continuation of Louisiana state income tax exemption for retirement benefits issued by the Teachers’ Retirement System of Louisiana.

14. LRTA opposes any legislation or bill that would cut or diminish Medicare benefits.

15. LRTA opposes any legislation that calls for a state constitutional convention.

Updated 2023

2023 Pre-filed Bills The deadline to pre-file bills dealing with retirement issues was 5 p.m., Friday, February 24.

Provided below is a list of bills that were pre-filed for consideration by the Legislature during the upcoming Regular Session. These bills could have a potential impact on you as a retired educator and/or your retirement system.

The 2023 Regular Legislative Session begins at noon on Monday, April 10, and the legislature must complete its work by 6 p.m. on Thursday, June 8.

The listing provides the position LRTA will recommend taking on each of the bills. It is anticipated that other bills and resolutions that could pertain to retirement, such as constitutional conventions, will be added to this list of legislation to be monitored by LRTA once the session begins. For an upto-date list of bills LRTA is tracking, visit https://lrta.net/bills/.

House bills and Senate bills are grouped under the specific topic addressed by the legislation.

Direct Funding of Permanent Benefit Increases (PBIs)/Cost of Living Adjustments (COLAs) Senate Bill No. 18 by Senator Ed Price This bill provides for direct payment of additional employer contributions to be credited to a newly established PBI/COLA account designed for accumulation of funds to pay PBIs/COLAs (the PBI/ COLA account). The bill also provides for an additional component of the required employer contribution rate called the PBI/COLA account funding contribution, or AFC rate. In a year when the employer rate is scheduled to drop, half of the decrease will be added to the maximum possible AFC rate until that maximum equals 2.5%. The bill would phase out and terminate the Experience Account and of the diversion of the investment earnings into the account. In approximately 2029, the Experience Account will be phased out and any remaining balance would be transferred to the new COLA funding account.

Although this bill will not guarantee PBI/COLAs, the intent of this legislation is to garner direct funding to eventually award a 2% supplemental benefit increase every two to three years to retirees beginning in 2029 when the initial unfunded accrued liability (IUAL) is paid off.

Updated: February 24, 2023

H.R. 82 UPDATE What YOU need to know…

Unfortunately, Congress was unable to reach a solution to repeal the GPO and WEP during the 117th Congressional Session despite bipartisan support. Legislation to repeal the GPO and WEP must now start back at the beginning of the legislative process.

H.R. 82 has been refiled in Congress, AND Louisiana Representative Garret Graves is sponsoring the bill. Rep. Graves has been a vocal proponent of repealing the GPO and WEP, and we are encouraged by the continued the support of our Louisiana delegation. Within the first 24 hours of filing H.R. 82, nearly all of Louisiana’s representatives cosponsored the legislation (Rep. Julia Letlow, Rep. Troy Carter, Rep. Clay Higgins and Rep. Mike Johnson).

We still need U.S. Rep. Steve Scalise to cosponsor H.R. 82!

If you are a constituent with Rep. Scalise, please contact them and ask him to cosponsor H.R. 82.

Please be sure to thank Rep. Graves, Rep. Letlow, Rep. Carter, Rep. Higgins and Rep. Johnson if you are one of their constituents.

Remember: H.R. 82 will need national support in order to move through the legislative process. Congress can force a floor vote once H.R. 82 has reached over 290 cosposnors. As of February 27, H.R. 82 has 168 cosponsors.

Download your GPO/WEP Toolkit TODAY for resources to help the efforts to repeal the GPO/WEP. Don’t forget to check the LRTA Email Club, Faebook page and website (www.lrta.net) for updates!

Introduction Dear Retirement Advocate, The following is a sequence of events for our retirement advocates to follow for the 2023 Regular Session. Particularly, these events apply to Senate Bill 18, the COLA reform legislation aimed at providing more regular permanent benefits increases when the IUAL is paid off around 2029.

Please familiarize yourself with the materials in this advocacy packet, which includes a FAQ sheet about the proposed legislation.

Here’s the plan: Go ahead and pre-write four letters and/or emails in support of SB 18.

Handwritten letters are best, but you may type your letter. You can also save your letter in a Word Document to your computer and cut and paste it into the body of your letter or email at the appropriate time.

In this packet you will find different versions of sample letters you may use as a guide as you write your own letter. These letters are purely suggested language for you to use in your communication to your legislators. You do not need to copy the letters word-for-word; please feel free to pick and choose the language you want to use when communicating to legislators.

The 2023 Regular Session begins April 10 and runs until June 8, so bills will have to move quickly to complete the legislative process. That’s why you need to prepare now!

Write your letters and emails in the order as follows: 1. Senate Retirement Committee 2. Your state Senator 3. House Retirement Committee 4. Your state Representative Join the LRTA Email Club at https://bit.ly/LRTAEmailClub, and we will email you exactly when to send each letter and/or email. If you are unable to receive emails or do not use email, mail your letters in the order mentioned above one week apart beginning with the Senate Retirement Committee on April 10, 2023.

See the timeline below: 1. April 10 – mail your letter to the Senate Retirement Committee 2. April 17 – mail your letter to your state Senator 3. April 24 – mail your letter to the House Retirement Committee 4. May 1 – mail your letter to your state Representative If you are not sure who your state representative or senator is, here is an online tool you can use to find out: https://legis.la.gov/legis/FindMyLegislators.aspx

If you are not a fan of writing letters or feel you just don’t have a way with words, do not forget about our VoterVoice tool! Members of the Emal Club will also receive action alerts when it is time to contact legislators. The action alerts will include a link to our VoterVoice tool, and you can contact your legislators with just a few clicks.

Phone calls and face to face meetings with your legislators are also encouraged. A brief conversation at a coffee shop, restaurant, grocery store, or church steps is extremely powerful.

Use your COLA FAQ sheet to lead the conversation.

Also, please encourage active teachers to participate in our advocacy campaign as well! This COLA legislation affects them just as much because this bill preserves future supplemental retirement benefits for all current and future retires.

If you live in the Baton Rouge area or able to travel to the State Capitol, we will need many of you to sit in both the Senate and House Retirement Committee meetings when SB 18 is heard.

We will contact you by email with details on where to meet. Staff will greet you with cards of support (or opposition if a detrimental retirement bill is on the agenda) and instruct you on how to fill them out. After that, all you have to do is sit back and watch the show! I will sit with key LRTA and TRSL personnel to give testimony on your behalf.

Although the first COLA/PBI will not be awarded for a few years, we will begin depositing money into the COLA/PBI account next year, so this legislation is essential to preserving the buying power of your retirement benefit.

If you need additional materials or copies of this packet, contact Morgan Milling or Jennifer Tran at the state office to request copies at 225-927-8837.

Your participation in these efforts is both appreciated and essential. Start preparing today, and let’s all participate in what is sure to become a legacy in retirement reform legislation!

Regards, Rodney R. Watson LRTA Executive Director

What you will find in this packet: • An overview of SB 18 • Sample letters/emails • SB 00 FAQ’s and Talking Points • Map of how a bill becomes a law • Retirement Committee Contacts • How to find your state representative or senator on the Louisiana legislature website

House Retirement Committee Members Rep. Phillip DeVillier (Chairman) P. O. Box 986 Eunice, LA 70535 (337) 457-0194 devillierp@legis.la.gov

Rep. Aimee Freeman 8600 Oak Street New Orleans, LA 70118 (504) 861-1614 hse098@legis.la.gov

Rep. John R. Illg, Jr. (Vice-Chairman) 9523 Jefferson Hwy., Suite A River Ridge, LA 70123 (504) 736-7030 hse078@legis.la.gov

Rep. Paul Hollis 600 N. Highway 190, Suite 202A Covington, LA 70433 (985) 871-4680 hollisp@legis.la.gov

Rep. Roy Daryl Adams P.O. Box 217 Jackson, LA 70748 (225) 634-7470 hse062@legis.la.gov

Rep. Barry Ivey P.O. Box 78286 Baton Rouge, LA 70837 (225) 261-5739 iveyb@legis.la.gov

Rep. Tony Bacala 15482 Airline Hwy., Suite A Prairieville, LA 70769 (225) 677-8020 bacalat@legis.la.gov

Rep. Patrick O. Jefferson 504 N. Main St. Homer, LA 71040 (318) 927-2519 jeffersonpo@legis.la.gov

Rep. Delisha Boyd 3401 General De Gaulle Drive, Suite 5076 New Orleans, LA 70114 (504) 605-6552 hse102@legis.la.gov

Rep. Vanessa Caston LaFleur 2370 Towne Center Blvd., 1st Floor Baton Rouge, LA 70806 (985) 925-6880 hse101@legis.la.gov

Rep. Julie Emerson 306 North Church St. Carencro, LA 70520 (337) 886-4687 emersonj@legis.la.gov

Rep. Richard Nelson 2001 Lakeshore Drive Mandeville, LA 70448 (985) 222-2638 hse089@legis.la.gov

Rep. Gabe Firment 181 Barron Road Pollock, LA 71467 (318) 765-9606 hse022@legis.la.gov

Rep. Phillip Eric Tarver 132 Jamestown Lake Charles, LA 70605 (337) 472-8186 hse036@legis.la.gov

Rep. Clay Schexnayder (Ex Officio) 6473 Highway 44, Suite 205 Gonzales, LA 70737 (225) 473-6016 schexnayderc@legis.la.gov

Rep. Tanner Magee (Ex Officio) 7833 W. Main St. Houma, LA 70360 (985) 858-2970 mageet@legis.la.gov

Need to find your legislator? Go to: http://www.legis.la.gov/legis/FindMyLegislators.aspx

Senate Retirement Committee Members Senator Edward J. Price (Chairman) 2115 S. Burnside Ave., Suite B Gonzales, LA 70737 (225) 644-6738 (855) 844-1430 pricee@legis.la.gov Senator Robert Mills (Vice-Chairman) 105 Harvey’s Way Minden, LA 71055 (318) 371-5200 sen36@legis.la.gov Senator Cleo Fields 2147 Government Street Baton Rouge, LA (225) 644-6738 cfields@legis.la.gov Senator Bob Hensgens 122 N. State Street, Suite 100 Abbeville, LA 70510 (337) 740-6425 (800) 259-5035 sen26@legis.la.gov Senator Beth Mizell 1051 Main Street Franklinton, LA 70438 (985) 839-3936 mizellb@legis.la.gov Senator Barrow Peacock 1619 Jimmie Davis Highway Bossier City, LA 71112 (318) 741-7180 peacockb@legis.la.gov Senator Kirk Talbot 9523 Jefferson Hwy., Suite B River Ridge, LA 70123 (504) 736-7299 talbotk@legis.la.gov

Need to find your legislator? Go to: http://www.legis.la.gov/legis/FindMyLegislators.aspx

How to FindYour State Representativeor Senatoron the LouisianaLegislatureWebsite

1.

Type in www.legis.la.gov in the search bar of your web browser.

2. Click on “Who Are My Legislators?” on the left side of the screen (under “About the Legislature”).

3. Type in your address, city and zip code. Then, click on the “Find” button.

4. A list of the state representatives and senators, as well as federal legislators, will appear. Click on their names to be redirected to their contact information page. On this page, you should find their mailing address, phone number and email address.

These letters are purely suggested language for you to use in your communication to your legislators. You do not need to copy the letters word-for-word; please feel free to pick and choose the language you want to use when communicating to legislators.

Dear _________: My name is __________________________ and I am a retired educator from __________________. [Add something personal about your educational experiences.]

I am a current, tax-paying resident of Louisiana and continue to support the local and state economy with my retirement benefit. I am also a member of the Louisiana Retired Teachers Association.

E L P M

I am writing to ask that you SUPPORT Senate Bill 18 by Senator Ed Price, which outlines a new model for the employer to pay for supplemental benefits in a more direct methodology. Supplemental benefits in Louisiana are referred to as cost-of-living adjustments (COLAs) or permanent benefit increases (PBIs).

The cost of living, including groceries, commodities and insurance costs, continues to remain high. For most Louisiana retired teachers, their pension is their ONLY source of retirement income. Please support a bill that will address this issue for current and future retired teachers.

In 2020, both the House and Senate chambers passed resolutions requesting the state retirement systems to review new methods to provide “meaningful benefit increases on a regularly scheduled basis, designed to preserve the purchasing power of the recipients.”

SB 18 is in response to the legislature’s requests.

A S

Retirement reforms are working in Louisiana and this new beneficial legislation assures pension reforms will be preserved. Moreover, it does not create additional debt to the retirement system.

Additionally, the projected outcome of this legislation includes increasing the frequency of COLAs/PBIs, future costs become better known and transparent as set by the legislature, includes employer safeguards controlling for costs, and provides that the legislature retain full control over granting COLAs/PBIs. By supporting this legislation, you are preserving the buying power of retired educators and providing for a greater economic impact on the business and industry in Louisiana.

Thank you for your consideration of this important request.

These letters are purely suggested language for you to use in your communication to your legislators. You do not need to copy the letters word-for-word; please feel free to pick and choose the language you want to use when communicating to legislators.

Dear_________: My name is __________________________ and I am a retired educator from __________________. [Add something personal about your educational experiences.]

I am a current, tax-paying resident of Louisiana and continue to support the local and state economy with my retirement benefit. I am also a member of the Louisiana Retired Teachers Association.

E L P M

I am writing to ask that you SUPPORT Senate Bill 18 by Senator Ed Price, which outlines a new model for the employer to pay for supplemental benefits in a more direct methodology. Supplemental benefits in Louisiana are referred to as cost-of-living adjustments (COLAs) or permanent benefit increases (PBIs).

In 2020, both the House and Senate chambers passed resolutions requesting the state retirement systems to review new methods to provide “meaningful benefit increases on a regularly scheduled basis, designed to preserve the purchasing power of the recipients.”

SB 00 is in response to the legislature’s requests.

Louisiana’s retired teachers have received only two COLAs (2016 and 2022) equaling about 3.5% of inflation. The Consumer Price Index (CPI) for this time period was 17.92%.

Essentially, $1 in 2016 was worth about $1.24 in 2022.

A S

With SB 18, COLA/PBI frequency becomes much more predictable and their future costs becomes much more transparent. In addition to establishing employer safeguards to control for costs, SB 00 retains both the legislature’s full control over granting COLAs/ PBIs and beneficial pension reforms.

SB 18 simply proposes a different yet reliable method to funding COLAs. COLAs will not be automatic and will still require legislative approval.

This new approach will not create new debts to the retirement system, because there will be employer safeguards put into place to control for costs (such as capping the employer rate at 2.5% annually). The essential pension reforms that have continued to reduce the retirement debt and increasing its funding level annually will also remain in place.

By supporting this legislation, you are preserving the buying power of retired educators and providing for a greater economic impact on the business and industry in Louisiana.

Thank you for your consideration of this important request.

These letters are purely suggested language for you to use in your communication to your legislators. You do not need to copy the letters word-for-word; please feel free to pick and choose the language you want to use when communicating to legislators.

Dear _________: My name is __________________________ and I am a retired educator from __________________. [Add something personal about your educational experiences.]

I am also a member of the Louisiana Retired Teachers Association.

I am writing to ask that you SUPPORT Senate Bill 18 by Senator Ed Price, which outlines a new model for the employer to pay for supplemental benefits in a more direct methodology. Supplemental benefits in Louisiana are referred to as cost-of-living adjustments (COLAs) or permanent benefit increases (PBIs).

E L P M

Louisiana’s retired teachers have received only two COLAs (2016 and 2022) equaling about 3.5% of inflation. The Consumer Price Index (CPI) for this time period was 17.92%.

Essentially, $1 in 2016 was worth about $1.24 in 2022. Research has shown the great economic impact pension benefits have on local and state economies. Please support a bill that will address this issue and protect the purchasing the power of retirees.

SB 18 simply proposes a different yet reliable method for employers to fund COLAs. COLAs will not be automatic and will still require legislative approval.

A S

This new approach will not create new debts to the retirement system, because there will be employer safeguards put into place to control for costs (such as capping the employer rate at 2.5% annually). The essential pension reforms that have continued to reduce the retirement debt and increasing its funding level annually will also remain in place.

In 2020, both the House and Senate chambers passed resolutions requesting the state retirement systems to review new methods to provide “meaningful benefit increases on a regularly scheduled basis, designed to preserve the purchasing power of the recipients.”

SB 00 is in response to the legislature’s requests.

With SB 18, COLA/PBI frequency becomes much more predictable and their future costs becomes much more transparent. In addition to establishing employer safeguards to control for costs, SB 18 retains both the legislature’s full control over granting COLAs/PBIs and beneficial pension reforms.

By supporting this legislation, you are preserving the buying power of retired educators and providing for a greater economic impact on the business and industry in Louisiana.

Thank you for your consideration of this important request.

Teachers’ Retirement System of Louisiana Louisiana’s largest public retirement system

2023 Briefing Document About TRSL

TRSL Funding

� Established in 1936

� Funded by three sources:

� Largest public re�rement system in state

»

Employee contribu�ons. Established in law; most pay 8% of salary

»

Employer contribu�ons. Based on actuarial calcula�ons provided in statute; determined annually

»

Investment earnings. Employer and employee contribu�ons are pooled and invested

� System sta�s�cs as of June 30, 2022: »

Ac�vely working members: 86,364

»

Re�rees & beneficiary recipients: 82,600

»

DROP par�cipants: 2,172

»

Total net assets: $25.1 billion

� Primary purpose is to provide re�rement income to re�rees and beneficiaries of the plan � Governed by 17-member board of trustees: 12 elected by membership; five are ex officio

TRSL Benefits � TRSL administers a defined benefit re�rement plan (DB) that provides a life�me re�rement benefit based upon years of service, average salary, and a benefit factor (typically 2.5%). � In contrast, a defined contribu�on re�rement plan (DC), like a 401(k), provides re�rement income based upon the balance in a re�rement account.

TRSL Defined Benefit (DB) Formula Years of service

�

TRSL Investment Performance � As of June 30, 2022, TRSL por�olio investments— which are a por�on of the re�rement system’s total assets—were valued at $24.3 billion. TRSL’s investment returns rank in the top (best) 5th percent of public pension funds with assets greater than $1 billion, according to the Wilshire Trust Universe Comparison Service (TUCS) for the 10 year period ended 6/30/22. Source: Wilshire Trust Universe Comparison Service (TUCS)

Final Average Salary

� Benefit Factor (typically 2.5%)

� Maximum TRSL Retirement Benefit

Economic Impact � In FY 2022, TRSL paid $2.4 billion in benefits. Of that, $2 billion was paid to Louisiana residents. � The average annual TRSL benefit is $28,036 for regular re�rees. � TRSL benefits are paid to re�rees and beneficiaries in every region of the state, where they buy local goods and services, and pay taxes.

Key Plan Informa�on � TRSL has two DB plans: »

»

Regular Plan. For teachers, administrators, unclassified higher educa�on personnel; most members belong to this plan.

Plan B. For school food service personnel in 20 parishes that par�cipate in Social Security.

NOTE: Since 1983, another plan administered by TRSL (School Lunch Plan A) has been closed and no longer enrolls new members. � TRSL also administers the Op�onal Re�rement Plan (ORP), a defined contribu�on plan open to unclassified personnel in higher educa�on.

North Louisiana

North LA - $425 million Central LA - $199 million Acadiana - $630 million

Central Louisiana

Florida Parishes - $522 million Greater NOLA- $272 million Florida Parishes

Acadiana Greater New Orleans

2023 TRSL Briefing Document

About the Unfunded Accrued Liability (UAL)

Pension Reform

� As of FY 2022, TRSL has a $9 billion UAL. A por�on of � Louisiana has been a frontrunner in the na�on for this debt is due to underfunding benefits from 1936 implemen�ng pension reforms that protect the fiscal when the System was created to the implementa�on health of its public re�rement systems. of a 1987 cons�tu�onal amendment that required � TRSL has worked with lawmakers to implement the System to be actuarially funded. pension reforms that reduce costs and ensure funding � As a result of the cons�tu�onal change, lawmakers sufficiency. Several of those ini�a�ves include: established a payment plan to pay off the debt » Making 100% of the actuarially required payments (exis�ng as of June 30, 1988) by 2029. By design, » Applying more excess investment earnings to the early payment schedules were back-loaded, resul�ng UAL in payments not even covering interest on the debt.

Consequently, the total debt increased because » Replacing 3-year average salary calcula�on with unpaid interest from any current year was added to a 5-year calcula�on for new hires as of January 1, the principal amount of the debt for the next year.

2011 � In 2009, lawmakers passed Act 497, which restructured the debt and payment plan to make payments more level and apply more of TRSL’s investment earnings toward the debt. � Since 2009, in addi�on to regular debt payments, $2.2 billion in investment earnings have been used to reduce the UAL. This has resulted in less money being credited to the TRSL experience account, which funds cost-of-living increases for eligible re�rees.

»

Raising the re�rement age to 62 for new hires as of July 1, 2015

»

Conver�ng to an actuarial funding method that creates more level funding requirements over a member’s working career

»

Reducing the discount rate (for funding regular plan benefits) to align with expected market performance

TRSL: A sustainable retirement plan Reforms enacted since 2009 are now bearing fruit and the results are reflected in TRSL’s latest Actuarial Valua�on Report. Here are some highlights from the FY 2022 report. � UAL con�nues to diminish. In FY 2021, the UAL fell below $10 billion for the first �me since 2008. FY 2022 was another year of achievement with the UAL balance dropping to $9 billion. Debt that accumulated over the years is well on track to be paid off on �me with a sizable amount re�red by 2029. � The employer contribu�on rate will drop for the fi�h consecu�ve year. The recommended rate for the next school year is 24.1% for K-12 (down from 24.8%); and 23.3% for higher educa�on (down from 24.1%). The actual cost of providing the re�rement benefit (normal cost) is well below Social Security—at 3.57% for K-12 and 2.79% for higher educa�on. � Funded status grew to 73.7%. TRSL’s funded status increased to 73.7% from last year’s 71.8%. This is a significant achievement considering the funded status was 54.4% in Fiscal Year 2010 following the 2008 economic downturn. � Earned 8.96% actuarial rate of return. Even though it was a tough year for investments, this actuarial return exceeds the discount rate of 7.25%. The discount rate is what the System needs to achieve over the long term to fund regular monthly benefits. � Members received a Permanent Benefit Increase (PBI). An across-the-board 2% PBI was paid to eligible re�rees for the first �me since 2016. PBIs help re�red teachers, beneficiaries and survivors preserve their purchasing power against a rising �de of growing expenses.

The reforms are working. TRSL is a sustainable re�rement plan that provides security to members at a low cost to employers. As the UAL diminishes even further, employers’ costs will con�nue to shrink.

Member Engagement Increases Member Recruitment Stay Engaged with LRTA! ► LRTA Newsletter - Read up on important events and updates on your retirement benefits. LRTA now offers members the option to receive the LRTA newsletter electronically. You can access the LRTA newsletter even while you are out and about. ► LRTA Social Media - Did you know: LRTA has over 1,400 likes on our Facebook page? Don’t miss out on the fun! LRTA posts on Facebook regularly with Unit Spotlights, membership updates and more. ► LRTA Email Club - If you have not done so already, make sure you are subscribed to the LRTA Email Club. Sign up or update your email address here: https://bit.ly/LRTAEmailClub

Help spread the word about our work for retired teachers at LRTA! Encourage other retired teachers to join LRTA! Visit www.lrta.net for more information.