State Retirement:

All faculty with tenure or on tenure tract, and unclassified, both full and part-time (51% effort and greater) must participate in Teachers’ Retirement System of Louisiana or the Optional Retirement Plan (ORP) rather than in FICA. Contributions are tax-sheltered and are presently 8% of base pay with a matching share of 13.1%.

• LASERS
  • LASERS' Retirement Education Video
  • LASERS' Request for Retirement Benefit Estimate
• Teachers' Retirement   (TRSL)
  • TRSL Request for Retirement Benefit Estimate

  Supplemental Retirement Plans:

• 403(b) Vendors
• Deferred Compensation Plan:
  Academic and unclassified, part-time or annual employees may choose to participate in Deferred Compensation in lieu of Social Security. Contributions are tax-sheltered and are presently 6.2% of base pay with a matching employer share of 6.2%. After two years of continuous employment, eligible annual employees must elect a retirement plan offered by the Health Sciences Center (Teachers or ORP).

Optional Retirement Plans (ORPs):

Academic, unclassified, part-time, or annual employees may choose to participate in the ORP rather than Teachers’ Retirement System of Louisiana (TRSL). Participation in the ORP is irrevocable.

Contributions are tax-sheltered and are presently 8% of base pay with a matching share of 6.7497. TRSL assesses a 0.10% administrative fee for ORP participation.

• VALIC
• ING
• TIAA-CREF
• ORP / Deferred Compensation Vendors

© Human Resource Management
LSUHSC-S, Shreveport, LA

Last Update: October, 2009