Once you cash or deposit (includes direct deposit) your first TRSL retirement check, you are officially retired. RTW laws affect TRSL retirees who are re-employed directly or by contract/corporate contract in positions eligible for TRSL membership.
Break in service: To be able to 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.
Waiting period: Retirees who return to work in positions eligible for TRSL membership are subject to a mandatory waiting period during which their TRSL benefits will be suspended. The waiting period begins on the date of retirement, and the duration of the waiting period is determined by the RTW law to which you are subject (as described below).
How will my benefits be affected if I return to work?
As of August 1, 2020, there are two different RTW laws—the 2010 RTW Law (La. R.S. 11:710) and the 2020 RTW Law (La. R.S. 11:710.1). The law that applies to you is determined by when you retired and/or when you returned to work. Furthermore, the RTW law applicable to you stipulates how your benefit will be affected if you return to work.
Which RTW law do I fall under?
|2010 RTW Group||2020 RTW Group|
If you meet the criteria below, you are in the 2010 RTW Group, and subject to La. R.S. 11:710
|If you meet the criteria below, you are in the 2020 RTW Group, and subject to La. R.S. 11:710.1|
|Information for the 2010 RTW Group||Information for the 2020 RTW Group|
What if my position is not eligible for TRSL membership?
Retirees (excluding those receiving a TRSL disability benefit) who return to work in positions not eligible for TRSL membership are not subject to return-to-work laws governing TRSL.
Ask TRSL. Contact us about your re-employment position and RTW laws that could impact your retirement benefits.