On May 21, 2024, Governor Jeff Landry signed HB 31 allowing Optional Retirement Plan (ORP) participants a one-time irrevocable election to join the Teachers’ Retirement System of LA (TRSL).
Act No. 109 removes the irrevocability clause, which has been in place since July 1, 1990, when the ORP was first introduced. The LSU Office of Human Resource Management will be hosting virtual Lunch & Learn sessions for ORP participants on Wednesday, September 4th and Thursday, September 5th at 12 noon.
During these sessions ORP participants will learn the basics of each retirement plan, where to go for assistance with determining which plan is best for you, and information on transfer forms, procedures, enrollment timeline, along with answers to some of the most frequently asked questions.