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Teachers Retirement System of Louisiana (TRSL)


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Teachers' Retirement System of Louisiana

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Eligibility:

Contribution Rates:

Retirement Plan

Description

Member Contribution

Regular Members

Includes most TRSL members, including teachers, administrators, etc.

8%

Employer Contribution Rates

Retirement Eligibility:

Membership before July 1, 1999

MembershipÌýbetweenÌýJuly 1, 1999 - December 31, 2010

MembershipÌýbetweenÌýJanuary 1, 2011 - June 30, 2015

MembershipÌýon or after July 1, 2015

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 Form 07.

For more information about Teachers Retirement System of Louisiana (TRSL), please visit theirÌýhomepage.

Enrollment Documents:

Beneficiary designation
Social Security Statement
Benefit forfeiture

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