§ 11:932 — Regular plan membership; irrevocable election

Louisiana § 11:932

• Jurisdiction: Louisiana
• Title 11: Consolidated Public Retirement Systems

Text

§932. Regular plan membership; irrevocable election
A.(1) Notwithstanding any provision of law to the contrary, any active contributing
participant in the optional retirement plan on June 30, 2024, whose first employment making
him eligible for participation in the optional retirement plan occurred on or before July 31,
2020, and who, notwithstanding participation in the optional retirement plan, is otherwise
eligible for membership in the regular retirement plan of the Teachers' Retirement System
of Louisiana may make an irrevocable election to become a member of the regular retirement
plan of the Teachers' Retirement System of Louisiana. The election shall be made in writing
in a manner prescribed by the system and received by the system on or before June 30, 2025.
(2) For a participant whose election is received by the system on or before December
31, 2024, all contributions to the optional retirement plan from a participant making the
election and from his employer shall cease on January 31, 2025. Beginning February 1,
2025, the participant shall begin contributing to and accruing benefits in the regular
retirement plan of the Teachers' Retirement System of Louisiana as a member first eligible
for membership in a state system on that date. The person's employing agency shall pay the
system the contributions required pursuant to R.S. 11:102.
(3) For a participant whose election is received by the system on or after January 1,
2025, all contributions to the optional retirement plan from the participant and from his
employer shall cease on the last day of the month following the month in which the system
receives the election. Beginning on the first day of the following month, the participant shall
begin contributing to and accruing benefits in the regular retirement plan of the Teachers'
Retirement System of Louisiana as a member first eligible for membership in the state
system on that date. The person's employing agency shall pay the system the contributions
required pursuant to R.S. 11:102.
B.(1) Notwithstanding any provision of law to the contrary, any participant in the
optional retirement plan whose first employment making him eligible for participation in the
optional retirement plan occurred on or before July 31, 2020, who was not an actively
employed participant in the optional retirement plan on June 30, 2024, and who,
notwithstanding his participation in the optional retirement plan, is employed on or after July
1, 2024, in a position that would otherwise make such participant eligible for membership
in the regular retirement plan of the Teachers' Retirement System of Louisiana, may make
an irrevocable election to become a member of the regular retirement plan of the Teachers'
Retirement System of Louisiana. The election shall be made in writing in a manner
prescribed by the system and received by the system by the later of:
(a) September 2, 2025.
(b) Sixty days after the date of the participant's first employment occurring on or
after July 1, 2024, in a position that would otherwise make him eligible for membership in
the regular retirement plan of the Teachers' Retirement System of Louisiana.
(2) For a participant making the election, all contributions to the optional retirement
plan from the participant and from his employer shall cease on the last day of the month
following the month in which the system receives the election. Beginning on the first day of
the following month, the participant shall begin contributing to and accruing benefits in the
regular retirement plan of the Teachers' Retirement System of Louisiana as a member first
eligible for membership in a state system on that date. The person's employing agency shall
pay the system the contributions required pursuant to R.S. 11:102.
C.(1) Notwithstanding any provision of law to the contrary, any active contributing
participant in the optional retirement plan whose first employment making him eligible for
participation in the optional retirement plan occurred on or after August 1, 2020, and who,
notwithstanding participation in the optional retirement plan, is otherwise eligible for
membership in the regular retirement plan of the Teachers' Retirement System of Louisiana
may make an irrevocable election to become a member of the regular retirement plan of the
Teachers' Retirement System of Louisiana. The election shall be made in writing in a
manner prescribed by the system and shall be received by the retirement system within seven
years of the participant's first employment making him eligible for participation in the
optional retirement plan.
(2) For a participant making the election, all contributions to the optional retirement
plan from the participant and from his employer shall cease on the last day of the month
following the month in which the system receives the election. Beginning on the first day
of the following month, the participant shall begin contributing to and accruing benefits in
the regular retirement plan of the Teachers' Retirement System of Louisiana as a member
first eligible for membership in a state system on that date. The person's employing agency
shall pay the system the contributions required pursuant to R.S. 11:102.
D. Any and all distributions from the optional retirement plan to a participant who
made the election provided for in this Section shall be in accordance with R.S. 11:929.
E. If any participant making an election to become a member of the regular
retirement plan of the Teachers' Retirement System of Louisiana has, at the time of such
election, prior service in the regular retirement plan, the prior service shall be used for
calculation of benefits only and shall not be used to attain eligibility for any purpose,
including but not limited to retirement, disability, or survivor benefits.

Legislative History

Acts 2024, No. 109, §1, eff. June 30, 2024; Acts 2025, No. 47, §1, eff. July 1, 2025.