Academic and Unclassified employees of the University, as a condition of employment, are required to join the Teachers’ Retirement System of Louisiana (TRSL).
TRSL is the largest public retirement system in Louisiana. TRSL is a public trust fund established to provide retirement benefits for its members. These benefits are guaranteed for life by the Constitution of the State of Louisiana. Since TRSL provides a defined benefit retirement plan for its members, the benefit they receive is not determined by the amount of contributions they make to the System. Employee contributions are 8% of gross salary. The benefit is determined by age, years of service, and final average compensation. Benefits also include provisions for your spouse and minor children in the event of your death and for retirement benefits in the event of a permanent disability while actively employed.
TRSL members do not pay the Social Security taxes. FICA, and do not gain Social Security retirement credits while working in a TRSL-eligible position. If a TRSL retiree also qualifies for a Social Security, that Social Security benefit may be reduced.
To retire, an employee must meet minimum requirements for age and years of service/eligibility credit. When these requirements are met, benefits are determined by a formula defined in state law.
TRSL Member Handbook (See Page 27)
For more information on this plan, visit the following links: