Teachers Retirement System of Louisana (TRSL)
Persons employed as teachers who teach 6 or more credit hours, or unclassified staff hired after 7/1/1991, are eligible for membership in TRSL unless they are already retired from the system. Employees contribute 8% of their gross salary. Effective 7/1/2014, the University contributes 26.4% of the employee's gross salary. Certain employees are not eligible for membership in TRSL: part-time employees (working 20 or less hours per week) and temporary appointments. With TRSL benefits are fully vested after you have completed five years of service. If you terminate employment prior to the expiration of the 5 year vesting period, you are entitled to a refund of the employee contributions only. The employee must be out of state service for at least 90 days to obtain a refund. Since retirement contributions are tax deferred, taxes and related penalties will apply to cash refunds.
For more information about Teachers Retirement System of Louisiana (TRSL), please visit their home page at http://www.trsl.org.