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Policy 1424 – Retirement Systems

Revision Date: 2/3/2009

Responsible Office: Department of Human Resources

Reference: Louisiana Statutes


Teacher’s Retirement System

Unclassified employees of state Colleges and Universities in Louisiana become participating
members of the Teacher’s Retirement System of Louisiana provided employment is on
a full-time, continuing basis.

A participating member of the Teacher’s Retirement System who is granted Leave of
Absence With Pay is required by the System to continue contributions on the amount of leave pay. The
University will continue to make contribu­tions.

An eligible member of the Teacher’s Retirement System who is granted any legal Leave
of Absence Without Pay, not to exceed twelve calendar months in length, may pay and receive credit for the
amount ordinarily deductible (based on earnable compensation the member would have
received had the member continued in service at the rate of pay being received immediately
prior to going on leave without pay) provided such contribu­tions are made and reported
in the fiscal year during which the Leave of Absence occurred. Contact the University
Department of Human Resources for further information.

Optional Retirement System

Act 90 of 1989 provided for an Optional Retirement Plan (ORP) under the Teachers’
Retirement System of Louisiana for eligible academic and administrative employees
of public institutions of higher education. Faculty who move a number of times during
their employment years find the ORP an attractive plan because of its portability
and immediate vesting features.

Louisiana State Employees’ Retirement System

Individuals who are employed by the University on a full-time basis and are members
of the Louisiana State Employees Retirement System may remain with this system provided
the employee has five (5) years of prior state service credit.

Social Security

Individuals who are employed on a temporary or less than a full-time basis become
participants in the Social Security System. Additionally, employees may be placed
under this system if they are ineligible by reason of age for the Teachers’ Retirement
System or the Louisiana State Employees’ Retirement System. Employees who are working
part-time and are retirees of the Teachers’ Retirement System or the Louisiana State
Employees’ Retirement System are not eligible for participation in social security.