Teachers Retirement System of Louisiana | ULM University of Louisiana at Monroe

Teachers Retirement System of Louisiana (TRSL)

Eligibility:

Persons employed as teachers who teach more that six (6) credit hours, or unclassified staff hired 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%

Employer Contribution Rates

Retirement Eligibility:

Membership before July 1, 1999

Age 60 with 5 years of service credit.
Age 65 with 20 years of service credit.
Age 55 with 25 of service credit.
Any age with 20 years of service credit. *Actuarially reduced

Membership between July 1, 1999 - December 31, 2010

Age 60 with 5 years of service credit.
Age 55 with 25 years of service credit.
Any age with 30 years of service credit.
Any age with 20 years of service credit. *Actuarially reduced

Membership between 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 on or after July 1, 2015

Age 62 with 5 years of service credit.
Any age with 20 years of service credit *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 Form 07.

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

Enrollment Documents:

Beneficiary designation
Social Security Statement
Benefit forfeiture