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
