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- TRSL Options To Continue Contributions During Time Of - Subr
Get TRSL Options To Continue Contributions During Time Of - Subr
9 www.trsl.org Form FBR (10/09) 00-FBR Option to Continue Contributions during Time of Furlough without Pay (for use by employees of a public college or university or the governing or management boards of those entities) Section 1 - To be completed by employee (Please print or type.) Check One: TRSL Regular Plan Optional Retirement Plan Name of employer Social Security number Agency number Employee name: Last, rst, MI, suf x (Jr., III, etc.) Street/P.O. Box City, stat.
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Accrual FAQ
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Retirement Eligibility: Age 60 with 5 years of service credit. Age 65 with 20 years of service credit.
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Deciding when to retire You can retire at age 55 with at least five years of service credit. Members under CalSTRS 2% at 60 also have the option to retire at age 50 with at least 30 years of service credit.
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Deciding when to retire You can retire at age 55 with at least five years of service credit. Members under CalSTRS 2% at 60 also have the option to retire at age 50 with at least 30 years of service credit.
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Louisiana law does not allow you to borrow from your retirement fund. You can withdraw your contributions only if you permanently terminate employment in a TRSL-covered position.
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Cons. Many DROPs allow you to participate only for a limited period of time. You may be required to retire at the end of your eligibility period.
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Sometimes TRSL members leave the teaching profession, change to positions that are not eligible for TRSL membership, or move out of state. Upon permanent termination of employment in any eligible position covered by TRSL, a member may request a refund of the retirement contributions he or she made to TRSL.
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Teachers' Retirement System of Louisiana is a defined benefit plan because an exact monthly retirement benefit can be calculated. Benefits are paid ing to a formula based on years of service and the final average of the highest years of salary consecutively earned.
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Retired Teacher Salary in Louisiana Annual SalaryMonthly PayTop Earners$54,300$4,52575th Percentile$48,700$4,058Average$43,232$3,60225th Percentile$28,600$2,383
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