Teachers Retirement System of Louisiana (TRSL) vs Louisiana State Employees Retirement System (LASERS)
Side-by-side pension health comparison from DOL and public plan data
Teachers Retirement System of Louisiana (TRSL) (C) and Louisiana State Employees Retirement System (LASERS) (C) are close on the LakeQuality rubric. Funding ratios sit at 66% and 62% respectively — within a few points of each other.
With grades this close, the comparison turns on plan-specific factors: status (active vs frozen), participant maturity, sponsor financial health, and multi-year trajectory rather than the headline composite.
Verdict
Teachers Retirement System of Louisiana (TRSL) has a stronger Pension Health Score of 64/100 (C) compared to Louisiana State Employees Retirement System (LASERS) at 55/100 (C). Funding ratios differ by 3.9 percentage points (66.1% vs 62.2%). Teachers Retirement System of Louisiana (TRSL) covers 172,000 participants.
| Metric | Teachers Retirement System of Louisiana (TRSL) | Louisiana State Employees Retirement System (LASERS) |
|---|---|---|
| Health Score Composite of funding ratio, trend, and PBGC risk | 64/100 (C)* | 55/100 (C) |
| Funding Ratio Assets as % of liabilities (100%+ is fully funded) | 66.1%* | 62.2% |
| Total Assets | $21.5B | $11.2B |
| Total Liabilities | $32.5B | $18.0B* |
| Unfunded Liability | $11.0B | $6.8B* |
| Participants | 172,000 | 108,000 |
| 1-Year Investment Return | 5.6%* | 5.4% |
| Plan Type | public | public |
| PBGC Risk Level | moderate | high |
| Sponsor | State of Louisiana | State of Louisiana |
Teachers Retirement System of Louisiana (TRSL) has a stronger Pension Health Score of 64/100 (C) compared to Louisiana State Employees Retirement System (LASERS) at 55/100 (C). Funding ratios differ by 3.9 percentage points (66.1% vs 62.2%). Teachers Retirement System of Louisiana (TRSL) covers 172,000 participants.