This calculator compares retirement benefits offered by TRSL's Regular Plan with those available through the Optional Retirement Plan (ORP). Carefully and realistically consider your career expectations before deciding whether to participate in TRSL or ORP. The decision to join the ORP is irrevocable
once your election to join TRSL after ORP participation window provided by La. R.S. 11:932 expires.
Detailed information about the ORP, including a comparison of benefits, is available in our
ORP Brochure.
For individuals who have never participated in the ORP and are considering leaving TRSL
and switching to the ORP:
- If you have less than five years of TRSL service credit, you can use your most recent TRSL Member Statement (available online through Member Access) to help you enter your personal information, or you can use your best estimate.
-
TRSL Regular Plan Employee Contribution Balance: Refer to your Member Statement.
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Effective Date: Insert your date of hire.
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Annual Salary: Enter your current gross salary if you've received a salary increase since the date of the Member Statement you're using.
NOTE: TRSL defined benefit members with more than five years of service credit who are transferring to an ORP-eligible position for the first time should contact TRSL for further guidance.
For individuals who have participated in the ORP and are considering leaving the ORP to join or rejoin TRSL:
- Please be aware that your ORP account is not linked to the ORP comparison calculator.
The comparison calculator provides a projection of your ORP benefit
as a new contributing member to the ORP.
It will not take into account any previously accumulated ORP contributions.
- TRSL Regular Plan Employee Contribution Balance:
Some ORP participants were previously members of the TRSL defined benefit plan before joining the ORP.
If you moved your TRSL contributions to your ORP account when joining the ORP (this is typical),
please enter 0 (zero) in this field since you no longer have a contribution balance in TRSL.
If you chose to keep your TRSL contributions in TRSL (this is not typical),
enter the contribution amount from your last TRSL Member Statement.
If you have never participated in the TRSL defined benefit plan, enter 0 (zero).
- Effective Date: Insert the date you anticipate moving to the defined benefit plan.
- Annual Salary: Insert your current annual gross salary
NOTE: To help you decide whether to move to the TRSL defined benefit plan or remain in the ORP, you will need to compare the estimated TRSL defined benefit with the ORP retirement projections provided by your ORP provider. You may want to have your financial advisor provide you with projections for your ORP retirement income under these two separate scenarios: (1) you remain in the ORP until you retire; and (2) you leave the ORP to join/rejoin the TRSL defined benefit plan and make no more contributions to your ORP account. You can then compare the data you input into the calculator to produce the TRSL defined benefit plan estimate against the projections provided by your financial advisor to help you make a decision.