|To:||All UPS Agencies|
|From:||Ronald S. Mitchell, Director|
|Subject:||Teachers' Retirement Contribution Amount|
Teachers' Retirement System (RT02, RT03, RT17, RT18 and RT19) has notified OSUP that, according to La. R.S. 11:70(9), premium pay, overtime, and cash housing allowances should be considered as retirement wages; therefore, contributions should be made based on these amounts. UPS automatically considers overtime as retirement wages and calculates retirement contributions for this amount. Due to the fact that all payments identified in UPS as premium or miscellaneous income are not subject to retirement contributions for Teachers', UPS will not automatically consider payments for premium pay and cash housing allowances as retirement wages. Agencies must process an adjustment (ADJXX) when these payments are made to employees.
If you have any questions or have paid premium pay or cash housing allowances to employees under Teachers' Retirement System, please contact a member of the User Services Unit at (504):
Colette P. Anderson 342-5344 Frank Roberts 342-5357 Stacey Guilbeau 342-5377 Cheryl Bunch 342-5950 Tara LeBlanc 342-5345
c: Bonita B. Brown, TRSL