1. A. TRSL shall maintain a Retiree Payroll Deduction Program to provide for the voluntary deduction from the benefit payments of any retiree, beneficiary, or survivor, for the following purposes:

   1. 1. supplemental life, health, dental, cancer, or other supplemental insurance premiums to be sent to a domestic or foreign insurance vendor, collectively referred to as companies for purposes of this Chapter;
   2. 2. payments to be sent to banks and credit unions, collectively referred to as credit unions for purposes of this Chapter;
   3. 3. membership dues for any professional organization whose staff is included in the definition of “teacher” in La. R.S. 11:701, or for membership dues of any retiree organization receiving payment through voluntary deductions on the effective date of this rule, collectively referred to as “professional organizations” for purposes of this Chapter.
2. B. This Chapter shall not apply to the withholding of contributions for accident and health and life insurance coverage for participants in the Office of Group Benefits or for participants in group insurance plans offered through city or parish school boards or other reporting agencies not participating in Office of Group Benefits programs.
3. C. Any TRSL retiree, beneficiary, or survivor is eligible to participate in the Retiree Payroll Deduction Program. However, a retiree, beneficiary, or survivor shall not authorize total deductions which would cause the net amount of the benefit to fall below $5.00. TRSL will not deduct monthly premium amounts for any retiree, beneficiary, or survivor who owes monies to TRSL or has his/her benefit suspended.
4. D. A retiree, beneficiary or survivor may discontinue any voluntary payroll deduction from his/her monthly benefit check by providing written notification to the company, credit union or professional organization.

Authority Note

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

Historical Note

HISTORICAL NOTE: Promulgated by the Department of the Treasury, Board of Trustees of the Teachers' Retirement System of Louisiana, LR 22:1243 (December 1996), repromulgated LR 24:503 (March 1998), amended LR 47:1904 (December 2021).