La. Admin. Code tit. 58 § III-502

Current through Register Vol. 50, No. 11, November 20, 2024

Section III-502 - Service Requirements for School Food Service Plan A

A. Members of School Food Service Plan A of the Teachers' Retirement System of Louisiana (TRSL), in lieu of terminating employment and accepting a retirement allowance, may elect to participate in the deferred retirement option plan (DROP) in accordance with R.S. 11:786-791 when the following eligibility requirements for plan participation are met.

1. 30 years of service credit at any age;

2. 25 years of service credit and at least age 55; and

3. 10 years of service credit and at least age 60 (excluding military service).

La. Admin. Code tit. 58, § III-502

Promulgated by the Department of the Treasury, Board of Trustees of the Teachers' Retirement System of Louisiana, LR 461241 (9/1/2020).

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:826.