Louisiana · TRSL · COLA

Will your Louisiana TRSL check go up?

Only if the Legislature grants a raise. TRSL calls them permanent benefit increases (PBIs), and they aren't automatic.

Louisiana specificsShort answer: TRSL has no automatic raise. A permanent benefit increase needs the TRSL Board and the Legislature, and the employer-funded kind is at most 2% on the first $60,000 of benefit, from age 62. Most TRSL members have no Social Security COLA either (see Social Security). Want a built-in raise? Look at the Annual COLA Option on payment options. The calculator shows today's amount.

There is no automatic COLA. A permanent benefit increase (PBI) is paid July 1 only if recommended by the TRSL Board and approved by the Legislature, and only if funds are sufficient. Since 2023 PBIs can be funded two ways. Excess investment earnings: amount and frequency depend on funding level, return and CPI-U, on the first $60,000 of benefit (indexed); no PBI if CPI-U did not rise, funds are short, or a PBI was granted the year before and TRSL is under 85% funded. Employer contributions: up to 2% on the first $60,000 (not indexed); TRSL expects enough in the PBI account to pay one in 2029 and projects one every two to three years if funding allows. Once the oldest debt schedule is paid off, only the employer-contribution method will exist. Guide for Retirees pp. 6-7, Will my benefit increase?; R.S. 11:883.5(C)

Who qualifies

Who qualifies (Louisiana TRSL)
Funding methodSizeYou must be
Employer contributionsUp to 2% on the first $60,00062 or older, receiving 2 years
Excess investment earningsVaries, on the first $60,000 (indexed)60 or older, receiving 1 year

Guide for Retirees pp. 6-7; R.S. 11:883.5(D)-(E); Guide for Retirees pp. 6-7; R.S. 11:883.4 (max 1.5% for that section's increase)

What a 2% raise would add

Examples only, not a forecast. On a $30,000 yearly benefit, 2% adds $600 a year ($50 a month). On $80,000, only the first $60,000 counts: $1,200 a year.

Future raises Check with TRSL

Raises after retirement (permanent benefit increases) need the Legislature's approval and enough money. Their size and timing aren't known.

We don't add any future raise to your estimate. Examples of a 2% raise are labelled as examples.

Guide for Retirees pp. 6-7; R.S. 11:883.5

DROP and ILSB

DROP participants get no PBI during DROP or while employed after DROP; eligible again one year after terminating employment. DROP Handbook p. 21, Permanent benefit increase (PBI); R.S. 11:787(D)

PBIs for ILSB retirees are computed on the reduced monthly benefit, not the lump sum. R.S. 11:783(A)(3)(e)

A raise you buy: the ACO

Annual COLA Option: a self-funded, guaranteed 2.5% yearly increase in exchange for an actuarially reduced benefit. Applied on the retiree's anniversary date (retirement date or DROP start) once the retiree is age 55 and retired one year. Spousal lifetime beneficiaries keep it; non-spousal beneficiaries do not. Voluntary, permanent and irrevocable. Legislative COLAs (PBIs) still apply. ACO brochure p. 1; Member Handbook p. 12; R.S. 11:783(A)(4) TRSL's ACO example →

From the sources

Questions

Does TRSL have an automatic COLA?

No. Raises after retirement are permanent benefit increases (PBIs). Each needs the TRSL Board's recommendation, the Legislature's approval and enough money in the fund.

When is the next TRSL raise expected?

TRSL expects the first employer-funded one in 2029; then every two to three years if funded.

Can I get a guaranteed raise?

Yes, by choosing the Annual COLA Option at retirement: 2.5% a year, paid for with a smaller starting benefit.

Source: TRSL Member Handbook: Regular Plan & Plan B, Last revised April 2026, p. 12. Also: Guide for Retirees pp. 6, 6-7; DROP Handbook p. 21; ACO brochure pp. 1, 1-2; La. R.S. 11:783, 11:787, 11:883.4, 11:883.5. Last reviewed .