1. A. Earnable compensation shall not include compensation paid to an active member or to an inactive member of Teachers' Retirement System of Louisiana (TRSL) if the compensation is paid by a secondary employer and is reported to the Internal Revenue Service (IRS) on a Form 1099, but only if both the following occur.

   1. 1. The individual contract is for $1,000 or less, and a Form 1099 is issued.
   2. 2. The cumulative amount of the Form 1099 payments issued by a single secondary employer to that member does not exceed $15,000 in a fiscal year.
2. B. If an individual contract is for more than $1,000, then that entire payment is earnable compensation subject to TRSL employer and employee contributions.
3. C. If the cumulative amount of the Form 1099 payments issued by a single secondary employer to that member exceeds $15,000 in a fiscal year, then all Form 1099 payments in excess of $15,000 in that TRSL fiscal year are earnable compensation subject to TRSL employer and employee contributions.
4. D. Earnable compensation shall include any and all compensation paid to a retiree of this system by a
   TRSL-covered employer regardless of IRS reporting.

NOTE: A secondary employer is one who does not report W-2 earnings on this member.

Authority Note

AUTHORITY NOTE: Promulgated in accordance with R.S. 11:701(10).

Historical Note

HISTORICAL NOTE: Promulgated by the Department of Treasury, Board of Trustees of the Teachers' Retirement System of Louisiana, LR 30:273 (February 2004).