- When can I return to work in a position eligible for TRSL membership?
- What if I receive a TRSL disability retirement benefit?
- How do I regain active membership in TRSL?
- Will my DROP/ILSB withdrawals be impacted if I return to work under the 2020 RTW Law?
- What if I am employed by contract or corporate contract?
- Still have questions?
When can I return to work in a position eligible for TRSL membership?
You must have a break in service of at least one weekday (Monday through Friday). For example, if your last day of work is Friday, your retirement date would be Saturday. You could return to work on Tuesday. Monday would be the one weekday break in service.
What if I receive a TRSL disability retirement benefit?
Retirees who receive a TRSL disability benefit will have their benefits terminated if they become employed in the field of public or private education, unless they have converted to a service retirement. However, these retirees can have earnings outside the education field, but there is a limit on the amount that can be earned. For more information on disability retirement refer to TRSL’s Disability Retirement brochure.How do I regain active membership in TRSL?
Retirees who are in the 2020 RTW Group automatically regain active membership in TRSL upon choosing RTW Option 2. Otherwise, retirees who chose RTW Option 1 status will need to follow steps outlined in La. R.S. 11:738 to regain active membership in TRSL, which include returning all retirement benefits paid to them plus interest; paying employee and employer contributions that would have been paid to TRSL during the period of their re-employment; and remaining in active service for at least six years to receive a retirement benefit recomputation.
Will my DROP/ILSB withdrawals be impacted if I return to work under the 2020 RTW Law?
Reemployment under the 2020 RTW Law will have no impact on your DROP/ILSB account withdrawals. You will be able to continue receiving without interruption.
What if I am employed by contract or corporate contract?
In general, individuals hired through contract are independent contractors who are providing services for an employer that participates in TRSL. Compensation paid is typically reported to the IRS on a 1099 Form -- not a W-2 Form used by employers to report employee wages. Employment by corporate contract is when an individual is performing services for a company pursuant to its contract with an employer that participates in TRSL. Retirees in the 2020 RTW Group, who are reemployed by contract or corporate contract, will have their benefits suspended for the duration of reemployment, and do not earn a supplemental benefit.
Still have questions?
Ask TRSL. Contact us about your reemployment position and RTW laws that could impact your retirement benefits.