ORP Contribution Rate Table (effective 7-1-2017)
Breakdown of Retirement Contributions for Employees Selecting an ORP
| For Employees Selecting on ORP | % of Salary |
|---|---|
| Employer Contribution Rate (Employee Rate) | 28.00 |
| Employee Contribution Rate (Member Rate) | 8.00 |
| Total Contributions | 36.00 |
| Employer Contribution | 28.00 |
| Amount Transferred to ORP Account | 6.20 |
| Amount Retained by TRSL For Unfunded Liability | 21.80 |
| Employee Contribution | 8.00 |
| Amount Transferred to ORP Account | 7.95 |
| Amount Retained by TRSL for Administration & Handling | 0.05 |
| Employer Contributions Transferred to ORP | 6.20 |
| Employee Contributions Transferred to ORP | 7.95 |
| Total Contributions Transferred to ORP | 14.15 |
| Employer Contributions Retained by TRSL | 21.80 |
| Employee Contributions Retained by TRSL | 0.05 |
| Total Contributions Retained by TRSL | 21.85 |
ORP – Optional Retirement Plan (VALIC, TIAA, or VOYA)
TRSL – Teachers Retirement System of Louisiana
Contact Numbers:
- TRSL – 225-925-6446
- VALIC – Mindy Lewis – 225-241-9706
- TIAA- Louis Bundy – 504-418-2161
- VOYA – Howard Weiser – 504-259-6708
