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Old 05-07-2019, 10:05 PM
 
Location: Shreveport, LA
1,439 posts, read 1,142,716 times
Reputation: 781

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According to TRSL, the formula for retirement is 0.03xp, where x is the number of years worked and p is the highest 5 years of pay averaged together. Public colleges are included in trsl. Public college deans make mid-six figure salaries. I could work in another state and still get retirement benefits from Louisiana. What would stop me from "retiring" from louisiana for a few years while I did some work towards becoming a dean, reentering the workforce to work as dean 5 years, then "retire" again by taking a job as a dean in another state? I could use the income from that to buy enough stock for the beneficiary of my will to be so incredibly wealthy she could do whatever she wanted (I have a newborn great-niece and if I father no children, I think she will be my beneficiary to my possessions.)

I feel like I stumbled on a gold mine here.
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Old 05-07-2019, 11:00 PM
 
Location: Aurora Denveralis
8,717 posts, read 4,067,203 times
Reputation: 13397
All you have to do is get hired as a dean. Easy-peasy.
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Old 05-07-2019, 11:12 PM
 
Location: Shreveport, LA
1,439 posts, read 1,142,716 times
Reputation: 781
Quote:
Originally Posted by Quietude View Post
All you have to do is get hired as a dean. Easy-peasy.
yeah, that's the hard part, but if you do it once, you could do it twice.
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Old 05-08-2019, 03:11 AM
 
3,883 posts, read 2,411,318 times
Reputation: 8683
This one little known trick can make LA residents rich. State legislators hate him!
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Old 05-08-2019, 04:21 AM
 
5,399 posts, read 3,393,841 times
Reputation: 13253
Now everyone knows about it.

Everyone will want to be a dean.
Good luck.

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Old 05-08-2019, 09:52 AM
 
Location: Virginia
160 posts, read 42,565 times
Reputation: 161
Isn't there a minimum age on the collection of benefits?
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Old 05-08-2019, 12:31 PM
 
Location: Shreveport, LA
1,439 posts, read 1,142,716 times
Reputation: 781
Quote:
Originally Posted by rabaman View Post
Isn't there a minimum age on the collection of benefits?
I looked at the trsl handbook and there is no minimum age to recieve benefits. As long as you have at least 33 years of service, you get to retire with full pay!
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Old 05-08-2019, 01:37 PM
 
417 posts, read 291,011 times
Reputation: 419
Moving on up the career ladder provides more pay, who knew!
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