Teachers Retirement System of Louisiana (TRSL)
听
听
Eligibility:
- Persons employed as teachers who teach more that six (6) credit hours, or unclassified
staff hired听after July 1, 1991, are eligible for membership in TRSL unless they are already retired from a TRSL
eligible position.
- Part-time (20 hours of less per week) and temporary employees are not eligible for
membership in TRSL.
Contribution Rates:
|
Retirement Plan
|
Description
|
Member Contribution
|
|
Regular Members
|
Includes most TRSL members, including teachers, administrators, etc.
|
8%
|
Retirement Eligibility:
Membership before July 1, 1999
- Age 60 with 5 years of service credit.
- Age 65 with 20 years of service credit.听
- Age 55 with 25 of service credit.
- Any age with 20 years of service credit. *Actuarially reduced
Membership听between听July 1, 1999 - December 31, 2010
- Age 60 with 5 years of service credit.
- Age 55 with 25 years of service credit.听
- Any age with 30 years of service credit.
- Any age with 20 years of service credit.听*Actuarially reduced
Membership听between听January 1, 2011 - June 30, 2015
- Age 60 with 5 years of service credit.
- Any age with 20 years of service credit *Actuarially reduced
Membership听on or after July 1, 2015
- Age 62 with 5 years of service credit.
- Any age with 20 years of service credit听*Actuarially reduced
Retirement Benefit Calculation:
The following formula is used to determine your retirement benefit if hired before
January 1, 2011:
[Years of Service] x [Formula %] x [3-Year High Average Salary] = Annual Retirement
Benefit
The following formula is used to determine your retirement benefit if hired on or
after January 1, 2011:
[Years of Service] x [Formula %] x [5-Year High Average Salary] = Annual Retirement
Benefit
Termination of Employment before Retirement:
If employment is terminated prior to the expiration of the five (5) year vesting period,
you are entitled to a refund of the employee contributions only. The employee must
be out of state service for at least 90 days to obtain a refund. Since retirement
contributions are tax deferred, taxes and related penalties will apply to cash refunds.
Individuals no longer in state service can request a refund by using .
For more information about Teachers Retirement System of Louisiana (TRSL), please
visit their听.
Enrollment Documents:
听
Human Resources
Benefits