An insurance program paid by the employer and designed to protect employees from loss of income due to injuries sustained in the scope of their employment.
This booklet contains a brief, general explanation of the major benefits offered to eligible employees of the LSU Agricultural Center. The information contained in this general explanation is not all-inclusive and is subject to change at any time. Click on the image to view the booklet.
This program provides employees and/or their immediate family members with easy access to confidential assistance for personal and work-related problems which can affect their lives.
Plan and meeting information for Annual Enrollment - which occurs usually each October.
When directed from Workday, this page will help an employee to complete any necessary insurance forms as a part of application for enrollment.
Participation in a retirement program is required of all employees with few exceptions. This page gives an overview of the retirement option
Information on voluntary participation in the tax-sheltered annuity programs offered to AgCenter employees.
Listing of approved companies for supplemental retirement accounts along with representative contact information
Health Insurance - Optional medical coverage is provided under the Office of Group Benefits Program umbrella and available to eligible employees. This section provides a breakdown of each option available including rates and a comparison of plan benefits.
This section explains the coverage available to eligible employees for affordable financial protection against a disabling illness or injury.
TRSL is a "defined benefit" plan wherein the employee and employer make contributions into a "pool" of funds from which members receive a retirement income based on a benefit formula. To view the enrollment eligibility requirements and exceptions, click here for the Retirement Plan Options Chart.Thinking of retirement? Clicke HERE for more information. Overview Employee contribution is 8% The formula for maximum retirement benefits is 2% or 2.5% times years of creditable service (with certain provisions for converting unused leave to service credit) times the employee's highest thirty-six successive months average salary (60 successive months for those that joined TRSL on or after 01/01/2011). Minimum eligibility requirements to retire and the formula percentages are: Membership before July 1, 1999: 5 years at age 60 (2%) Any age with 20 years, excluding military service purchased after 9/10/82 (2%) Age 65 with 20 years, excluding military service (2.5%) Age 55 with 25 years Any age with 30 years Membership between July 1, 1999 and December 31, 2010 Age 60 with five years, excluding military service purchased after 9/10/82 (2.5%) Any age with 20 years, excluding military service purchased after 9/10/82 with an actuarial reduction based on age, length of service and number of uyears from regular retirement age (2.5%) Age 55 with 25 years (2.5%) Any age with 30 years (2.5%) Membership on or after January 1, 2011 Age 60 with at least 5 years of service credit (2.5%) Any age with 20 years of service credit (actuarially reduced) (2.5%) Election to participate must be made within the first sixty days of employment Vested after 5 years of service An irrevocable election to transfer to the Optional Retirement Plan may be made at any time prior to attainment of five years of creditable service in the TRSL. TRSL or ORP . . . How Do I Choose? - View this document for a comparison of benefit features. Please Note: Upon retirement, members of both the TRSL and the ORP will be paid for up to 300 hours of annual leave and up to 200 hours of sick leave from LSU. Payment normally occurs after receipt of final paycheck. Employees who retire under the TRSL may have a portion of their sick and/or annual leave converted to service credit according to the provision of the Plan. The ORP does not provide conversion of leave to retirement service credit. TRSL Related Forms Address Change Beneficiary Designation Enrollment Application Optional Retirement Plan Application/Change Form Refund Application (also see "Special Tax Notice Regarding TRSL Payments.") For additional information, go directly to the TRSL Web site at www.trsl.org.
Academic and Non-Classified Employees Eligibility Requirements Options Length of appointment exceeds two years and the appointment is greaterthan 50% of full-time Teachers' Retirement System of La. Optional Retirement Plan Length of appointment is less thantwo years or appointment is for 50%or less of full-time Optional Retirement Plan Social Security La. Deferred Compensation Plan See "Exceptions" below.Classified Employees Eligibility Requirements Options Appointment is regular (i.e., probational or permanent) and is for greater than50% of full-time La. State Employees' Ret. System Appointment is regular and is for 50%or less of full-time Social Security La. Deferred Compensation Plan Appointment is temporary (i.e., restrictedor job appointment) Social Security Appointment is regular and is greater than 50% of full-time, and employee isage 60 or older at time of employment or at least age 55 at time of employment with credit for at least 40 quarters inSocial Security La. State Employees' Ret. System Social Security See "Exceptions" below. Exceptions Employees on J-1 or F-1 visas, who are considered non-resident aliens for tax purposes, may not contribute to SS or retirement.Employees on F-1 visas are not eligible to participate in either TRSL or ORP. Any employee who is eligible to enroll in TRSL but has at least 5 years of creditable service in LASERS may elect to continue participation in LASERS. Any employee who is eligible to enroll in LASERS but has at least 5 years of creditable service in TRSL may elect to continue participation in TRSL.. Any employee who is eligible to participate in TRSL or LASERS but has at least 5 years of creditable service in the La. School Employees Ret. Sys. (LSERS) may elect to continue participation in LSERS (except for dual employment). Any employee who has at least 10 years of creditable service in either TRSL or LASERS, regardless of other factors (i.e., length/type of appt., percent effort, age), may elect to continue as a member of that system. Any employee who has ever participated in the ORP for Louisiana can never enroll in TRSL. New employees whose type of appointment requires that they participate in SS may not participate if they have 10 or more years of creditable service in any Louisiana state retirement system. They are required to participate in their current system. Employment of a Louisiana state retiree is governed by the "Return to Service" regulations of the system from which they retired.