According to the Social Security Administration (SSA), as of February 24, 2025, retroactive benefits and increased monthly benefit payments to people whose benefits were affected by the WEP and GPO have begun. Visit the SSA website for more information or call 1-800-772-1213.
​​​​​​​
  1. Home
  2. News
  3. Interest to be paid on certain DROP accounts
Change Text Size: A A A

Interest to be paid on certain DROP accounts

March 18, 2014

Deferred Retirement Option Plan (DROP) accounts for members who were eligible to participate in the program before January 1, 2004, will be credited with interest at 12.91%. Interest will be paid by the end of April.

The Public Retirement Systems’ Actuarial Committee (PRSAC) adopted the Teachers’ Retirement System of Louisiana (TRSL) actuarial valuation, which included DROP interest, on March 18.

TRSL will send these DROP participants a letter indicating the interest amount posted for Fiscal Year 2013.

NOTE: DROP accounts for members eligible to participate on or after January 1, 2004, earn interest at the liquid asset money market rate. 
Back to Top of Page