Louisiana Administrative Code
Title 58 - RETIREMENT
Part III - Teachers' Retirement System of Louisiana
Chapter 15 - Optional Retirement Plan (ORP)
Section III-1531 - ORP Providers
Universal Citation: LA Admin Code III-1531
Current through Register Vol. 50, No. 9, September 20, 2024
A. In the selection of ORP provider(s) as required by law, the board of trustees will, at a minimum, consider the following criteria in the selection process:
1. portability of the contracts offered or to
be offered by the company, based on the number of states in which the
designated company provides contracts under similar plans;
2. efficacy of the contracts in the
recruitment and retention of employees for the various state public
institutions of higher education and higher education boards;
3. nature and extent of the rights and
benefits to be provided by the contracts for participating employees and their
beneficiaries;
4. relation of the
rights and benefits to the amount of the contributions to be made pursuant to
the provisions of the Plan;
5.
suitability of the rights and benefits to the needs and interests of
participating employees and employers; and
6. ability of the designated company or
companies to provide the rights and benefits under such contracts.
B. The TRSL will enter into a contract with each ORP provider. Effective July 1, 2015, each ORP provider contract shall include the "operational guide for ORP providers" developed by the TRSL.
AUTHORITY NOTE: Promulgated in accordance with R.S. 11:921-929.
Disclaimer: These regulations may not be the most recent version. Louisiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
