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New to LASERS – LASERS Welcome to LASERS! As you work and make contributions to LASERS, you will accumulate service credit toward retirement eligibility as defined in the Member’s Guide to Retirement Once you meet eligibility for retirement, you may retire and begin receiving a monthly benefit from LASERS, which is payable for life This section is designed to help you understand your LASERS membership We
Members – LASERS Whether you are new to LASERS, experiencing life changes in the middle of your career, or preparing for retirement, we aim to ensure that you are well-informed and prepared when you are ready to retire Use the left-side menu or select a stage below to explore the resources available to guide you in your retirement journey
Member’s Guide to Retirement – LASERS This may be your most important LASERS resource This guide contains detailed information about LASERS membership, the Initial Benefit Option (IBO) and Deferred Retirement Option Plan (DROP), service credit, transfers, unused leave, re-employed retirees, various retirement options, and much more Use the tabs below to view the full document or individual chapters
Boost Your Retirement by Enrolling in Deferred Compensation October 15, 2024 Road Trip to Retirement Pack the Trunk with Savings: Enroll in Deferred Compensation In partnership with Empower Boost your retirement with additional savings through the Louisiana Public Employees Deferred Compensation Plan (457 Plan), administered by Empower This plan offers you the opportunity to enhance your future LASERS retirement by saving and investing pre-tax dollars
Member FAQs – LASERS You must contact your agency’s Human Resources Office to begin the actual retirement process We strongly recommend that you obtain an estimate from LASERS 18 months prior to your anticipated retirement date The estimate may be requested by mail or you may schedule an appointment with a Customer Service Representative to obtain the estimate View our Ready to Retire page for additional
Life Changes – LASERS Please accept our condolences for your loss View this section to view the steps to report the death of a LASERS member, retiree, or beneficiary as soon as possible
Board Meeting Information – LASERS The 13-member LASERS Board of Trustees meets to adopt rules and regulations in administering LASERS programs and benefits, monitor investment performance, and review system operations Meetings are held monthly at the Louisiana Retirement Systems building at 8401 United Plaza Blvd in Baton Rouge (unless otherwise noted) and are open to the public Meeting agendas are posted at least 24 hours
Benefit Payments – LASERS When the 1st Falls on a Weekend or Holiday: Benefit payments are scheduled to be paid on the first of the month However, receipt of your funds can be affected by whether you receive a check or direct deposit and your financial institution’s rules when the first falls on a weekend or holiday If you have questions regarding the availability of your funds, please contact your financial
View Your Member Annual Account Statement in myLASERS – LASERS March 18, 2025 Log in to myLASERS to view your 2024 Member Annual Account Statement Active members, members working after *DROP, and reemployed retirees may now review their annual statement by logging in to myLASERS and clicking on the Documents tab *Members participating in DROP do not receive an annual statement Need Help Creating a myLASERS Account? If you have not already created a