ORP Contribution Rate Table (effective 7-1-2015)

 

Breakdown of Retirement Contributions for Employees Selecting an ORP

 

For Employees Selecting on ORP % of Salary
Employer Contribution Rate (Employee Rate) 27.30
Employee Contribution Rate (Member Rate) 8.00
Total Contributions 35.30
 
Employer Contribution 27.30
Amount Transferred to ORP Account 5.25
Amount Retained by TRSL For Unfunded Liability 22.05
 
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 5.25
Employee Contributions Transferred to ORP 7.95
Total Contributions Transferred to ORP 13.2
 
Employer Contributions Retained by TRSL 22.05
Employee Contributions Retained by TRSL 0.05
Total Contributions Retained by TRSL 22.10



ORP - Optional Retirement Plan (VALIC, TIAA-CREF, or VOYA)
TRSL - Teachers Retirement System of Louisiana

Contact Numbers:

  • TRSL - 225-925-6446
  • VALIC - Mindy Lewis - 225-241-9706
  • TIAA-CREF - Louis Bundy - 1-504-648-4057
  • VOYA - Keith Jones - 601-248-1689, Colette Riha - 504-779-2887, Connie Shaver - 504-779-2886