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Hi, there.
You've got a few important deadlines coming up, so we've put together some reminders for you! Also, read on for 2015 legislation affecting TRSL employers, our tip of the month, and more!
2015 Legislative Session 
We're still monitoring several bills that impact TRSL employers. You can keep up with this legislation by signing up for our convenient email alerts here. 
  • Act 399 of 2014 clean-up bill (incl. employer contributions): Senate Bill 16 (Sen. Guillory) 
At the time of this newsletter’s distribution, none of the legislation mentioned above had become law, although several have passed out of committee and their chamber of origin. Please check the Legislation section of the TRSL website frequently.
New employer contribution rates take effect July 1
The FY 2015-16 employer contribution rates go into effect July 1, 2015.
For questions regarding contribution rates, contact Ed Branagan at 225-925-6446, ext. 4846. Or, toll-free outside of the Baton Rouge calling area, at 1-877-275-8775, ext. 4846.
Add important salary reporting dates to your calendar
Contribution reports for this fiscal year will soon be due. Remember to submit corrections on time to avoid interest charges!
We’ve put together calendar reminders to help you meet reporting deadlines. Click on dates below to add them to your own calendar.
By July 15, 2015
  • All salary reports through June 2015 are due from employers who report TRSL contributions.
By July 20, 2015
  • All contribution exceptions must be cleared. 
  • All online contribution corrections must be processed. 
Questions about contribution reports? Talk to Venetia Clark at 225-925-6446, ext. 6462. Or, toll-free outside of the Baton Rouge calling area, at 1-877-275-8775, ext. 6462.
How does GASB affect me? See our FAQs for answers.
GASB Statements 67 and 68 change pension accounting and financial reporting for TRSL and participating employers. GASB 68 became effective for fiscal years beginning after June 15, 2014.
To help prepare you for these changes, we’ve compiled a handy list of FAQs and glossary of terms related to GASB 68 implementation. You can print them for quick and easy reference.
Which beneficiary form do return-to-work employees use? 
Make sure your return-to-work employees complete the right form to designate a beneficiary: Beneficiary Designation for Retiree Return-to-Work Employee Contributions (Form 3C).
IMPORTANT: Form 3C is not interchangeable with Form 3, which active members use to designate beneficiaries. If a re-employed retiree passes away and TRSL only has a Form 3 on file, it cannot be honored. The retiree's return-to-work contributions will be given to their estate instead of going directly to their desired designated beneficiary.  
TRSL Employer Services is here to help!
Need to submit your FY 2012 Full-Time Only Corrections? Contact your TRSL Employer Services liaison.
Our liaisons are ready to help you certify your FY 2012 questionable years--especially since FY 2015 is almost over.
Remember that corrections must be submitted within three years to avoid being charged an actuarial cost that may result from corrections. Full-Time Only Corrections received July 1, 2015 or later that correct FY 2012 will result in a cost to your agency if they increase service credit. 
Contact the Retirement Analyst from your TRSL Employer Services liaison team to discuss certifying questionable years.
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PO Box 94123
Baton Rouge, LA | 70804 US
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