Roadmap To Retirement
Give your retirement knowledge a tune up!
Whether you’ve just landed a position or you’re already a seasoned pro, we encourage you to think about your retirement plans today. The decisions you make now will have an impact on your life years down the road. Check out Roadmap to Retirement for useful information about retirement and other financial matters.
The information in Roadmap to Retirement will help you to feel more in control, more secure, and more at ease. That will allow you to dream bigger dreams and stress over fewer worries. Best of all, planning for your retirement today puts you in the driver’s seat of your future.
Sign up to receive Roadmap to Retirement emails in your inbox today.
Career Checkpoints
Retirement planning at every stage...
-
About TRSL
TRSL is the largest retirement system in the state. It's a defined benefit plan which means your retirement is funded by contributions made by you & your employer, plus investment earnings. TRSL members do not participate in Social Security.
Purchases & transfers
You can purchase or transfer certain types of eligible service to enhance your retirement. If possible, do this early; it gets more expensive the later you wait.
Being vested
With 5 years of service credit in TRSL, you are vested & may be eligible for certain benefits, such as survivor benefits, disability
retirement, & deferred retirement. -
Considering DROP?
The Deferred Retirement Option Plan is an optional plan where you can build a retirement nest egg (separate from your monthly TRSL retirement benefit) while you continue to work.
Eligibility to retire
TRSL members must meet certain age & service credit requirements to retire or enter DROP. These criteria are based upon when you first became a member & the plan you are in - Regular Plan, Plan A, or Plan B.
Sick leave
At retirement, your eligible unused sick leave can be converted to service credit to increase your retirement benefit.
-
Retirement options
When you retire or enter DROP, you'll select one of eight options which determine how much you & your beneficiary (if you choose) will receive each month.
Tax info
All payments from TRSL are subject to applicable IRS rules & regulations. TRSL retirement benefits are exempt from Louisiana state taxes.
Back to work?
Return-to-work laws have changed significantly in recent years. It's very important to understand how they may affect you if you return to work after retirement.
Check out the whole series of infographics:
