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 | 5.75 |
| Amount Retained by TRSL For Unfunded Liability | 22.25 |
| 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 | 5.75 |
| Employee Contributions Transferred to ORP | 7.95 |
| Total Contributions Transferred to ORP | 13.70 |
| Employer Contributions Retained by TRSL | 22.25 |
| Employee Contributions Retained by TRSL | 0.05 |
| Total Contributions Retained by TRSL | 22.30 |
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 - 1-504-648-4057
- VOYA - Colette Riha - 504-779-2887, Tiffany Knapp (225) 937-2097
